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No nasty surprises when you draw down for investment purposes. bundy

Hi Julie Once you pull money out of your IP loan to buy your PPOR the interest on that draw down amount is not a tax deduction. That is the nasty surprise I think. I think dale is the person to ask about how to recover your equity without losing your deductions.......maybe a short term...

I would tend to put the money in an offset account if it is available and put the extra 3.6 k a month in there as well. I think a 100% offset account would be best because - There is also another benefit to 100 per cent offset accounts that you may not realise. Unlike a savings account...