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H
ING at 4% or IP offset at 5.38%?
Still, if you are on a 49% marginal tax rate and your partner isn't working, it would be better to put the cash in a savings account in their name.- HiEquity
- Post #19
- Forum: Property Finance
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H
ING at 4% or IP offset at 5.38%?
AITH is right - this isn't a PPOR offset - it's an IP. If the ING saving account can be opened in a lower income spouse's name, this could change the equation but otherwise you either pay your marginal tax rate on either the savings or the reduced deductions for the IP. Same same - just the...- HiEquity
- Post #6
- Forum: Property Finance