YⓄ乙 @aussie.zone to AusFinance@aussie.zoneEnglish · 3 months agoIs there any benefit if the bank direclty takes out monthly repayments for my mortgage from my offset account instead of savings account ?message-squaremessage-square8fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareIs there any benefit if the bank direclty takes out monthly repayments for my mortgage from my offset account instead of savings account ?YⓄ乙 @aussie.zone to AusFinance@aussie.zoneEnglish · 3 months agomessage-square8fedilink
minus-squareYⓄ乙 @aussie.zoneOPlinkfedilinkEnglisharrow-up0·3 months agoHow is it taxfree? Like I am not getting any interest like HISA ?
minus-squarehitmyspot@aussie.zonelinkfedilinkarrow-up0·3 months agoYes. Instead of being taxed on interest you earn, youre avoiding interest you would be charged.
How is it taxfree? Like I am not getting any interest like HISA ?
Yes. Instead of being taxed on interest you earn, youre avoiding interest you would be charged.