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  1. R

    Pre-paying tax on IO variable loan

    I spoke to NAB yesterday and was told it was too late to change it from variable right now, but when I go in to sign the papers late this week, they'll set it up to switch to a fixed loan for 12 months so I can pre-pay before the end of June. All good. Thanks for the advice everyone.
  2. R

    Pre-paying tax on IO variable loan

    Thanks for all the tips and advice guys. Loan is with the NAB. I haven't yet spoken to them about it but will update this forum when I have
  3. R

    Pre-paying tax on IO variable loan

    Oh ok perfect. I wasn't going to have an offset account on this particular loan anyway. Thanks for the info.
  4. R

    Pre-paying tax on IO variable loan

    I have an IP that settles in a couple of weeks, with an IO variable loan. As I understand it, I can pre-pay the interest for 12 months and claim it in this financial year. Is that correct, and if so how does it work if the interest rate changes over the 12 month period I have pre-paid?
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