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ING at 4% or IP offset at 5.38%?
The tax effect of putting the money in an IP offset and putting money in a savings account is effectively the same - while you wont be 'paying tax' on your funds in the offset, you'll claim the equivalent amount LESS in deductions - so it has the same tax effect. E.g. If you put $100,000 in...- Redom
- Post #14
- Forum: Property Finance