interest loan

betty · Tweet this Post! #1 (**permalink**) 12-24-2009, 06:02 AM

can you have an IO loan with an offset account? if yes, and you continued to increase the amount in the offset account, would this continue to decrease the interest payments?

marryfraser · Tweet this Post! #2 (**permalink**) 12-30-2009, 04:16 AM

I don’t believe there’ll be any tax implications for you if you deposit funds into the 100% offset account and then later withdraw those funds for personal purposes.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode