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    Why’s I’d fair to tax the interest on savings when I can’t claim the increased cost of everything else as a tax deduction?

    @danmat777 I said 20k, not 100k in the offset. But in either case, your repayments won't change, just the term length as the % of repayment that is the interest component will be reduced. If you fully offset your loan, your repayments would be 100% coming off the principal amount, and your loan...
  2. T

    Why’s I’d fair to tax the interest on savings when I can’t claim the increased cost of everything else as a tax deduction?

    @danmat777 No, you're thinking of redraw. Your repayments don't change with an offset, just the total principal (debt-offset) you owe is calculated on. 100k debt - 20k offset = 80k your interest is calculated against and charged for. The repayments stay the same, but your loan term will...
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