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  1. J

    Paid with PPOR Offset....Will this work?

    I'll check my fine print but my understanding is that Interest is charged on balances at the end of day on loans and accounts. My prescribed actions would see funds cleared from my account before this time essentially meaning the end of day balance on an interest bearing account would be zero...
  2. J

    Paid with PPOR Offset....Will this work?

    Thanks Terry. This helps with my understanding. My account in question isn't an offset, isn't used for personal transactions and maintains a $0 balance. Putting aside that I do think I'll seek some assurance by way of a PR where I use it as an almost instant intermediary between my loan...
  3. J

    Paid with PPOR Offset....Will this work?

    Hi Terry. I am hoping you can provide me with a link to the PR you mentioned earlier. I've read TR 2000/2 a couple of times now and your historical advice [1] [2] to not redraw into any account is what I don't understand when read alongside Para's 30 & 43 of that TR. I genuinely want to make...
  4. J

    Paid with PPOR Offset....Will this work?

    Thanks guys. While this might be your every day I do appreciate the advice and patience you've shown. Ouch Really? :confused: I can't be the first or only person to be asking about an Equity Split/Redraw/Sub-Account >> Investment Expense scenario. Or is it that everyone else is either using...
  5. J

    Paid with PPOR Offset....Will this work?

    Curious to know what timeframes around keeping excess equity funds in an investment only sub-account would be considered unacceptable with regards to the 'parking borrowed funds' phrasing noted earlier. By going from this account to a loan product have I removed any means of conveniently...
  6. J

    Paid with PPOR Offset....Will this work?

    Thanks Terry_w. The more I read on here the more I understand why your general recommendation is to setup a LOC. Much simpler. I guess that means I've paid for that with non-deductible after tax dollars. Moving on and wanting to pay for expenses with borrowed funds rather than my savings how...
  7. J

    Paid with PPOR Offset....Will this work?

    I've read 'How to avoid mixing personal and investment funds when paying IP expenses?' but couldn't spot this particular question in there. Dropping question here for myself and anyone else that comes along later with a similar scenario. I grabbed some ceiling fans for our IP using our PPOR...
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