Wow…I never new I could do anything like that. I do have a financial adviser and this method was never mentioned.

By the end of this month, I will have been self employed for two years earning on average circa $130k gross but its only over the last year, that I have started to think more about my families financial future through investing. By…[Read more]

Terryw wrote:
Hi N,Good. But the $100,000 for the shares, did this come from your offset account?If so you are not doing it tax effectively.

Yes it did. It was living in my offset which we use to pay off the credit card and any other day to day expenses. I’m guessing I should have spoken to my accountant before doing this? Oh there’s so much…[Read more]

Thank you for your replies.

Terry – No. The extra money remained on the loan. And over the last year all our savings have been going onto the offset. We have just released $100k into our share portfolio to spread our risk.

We owe $230k and we are paying interest only. The IP income covers the repayments and we have some left over.

Your last…[Read more]

Hi Alf1

I may not have explained myself clearly. I am not looking for another mortgage package (at least not yet anyway ) more along the lines of staying with the same bank and opening up say…another account were the IP income and expenditures go in and out of. I am very new to the whole process but have learnt many lessons in life to…[Read more]