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  1. tobe

    Westpac P and I to interest in advance

    Its cheaper if you pay in advance. Usually 10 to 25 points cheaper. Has to be, otherwise it would be deemed a tax avoidance scheme by the ATO.
  2. tobe

    Westpac P and I to interest in advance

    Im doing it this year myself. When I estimated by PAYG variation, I didnt realise what a great year I would have. I dont want to get to the end of the year and owe the ATO, and I dont want them to pull the PAYG variation, which they can do if you underestimate your income, so Im paying...
  3. tobe

    Westpac P and I to interest in advance

    I agree you should break, but dont take a 3 yr fixed interest in advance, do 1yrs, and roll them over each May if you still require it. It always intrigues me people who break a fixed rate to go into another fixed rate.
  4. tobe

    Westpac P and I to interest in advance

    put another way, yes you can, but it will cost you. these break costs may be tax deductable though....
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