Mortgage offset accounts and redraw facilities

Home > Financial Focus

Clients should consider depositing their
regular salary and any spare cash into a
mortgage offset account or directly into a
housing loan account which has a redraw
The amount deposited will reduce the
housing loan balance and the interest
payable on that balance. The deposit can be
withdrawn at any time.
From a tax perspective it is better for a
client to temporarily reduce their housing
loan and pay less in non-deductible interest
than to deposit the money in an interest
bearing account where the interest is taxed
at the client’s marginal tax rate.


"Self-employed people often earn a decent income while working. However, without the benefit of employer-paid superannuation contributions often have little money to live on in retirement. Don’t rely on selling..."

Don’t neglect retirement savings
See More Testimonials

Meet the Team at Momentum

Sara Fitzgibbon

Administration Assistant - Part Time
Team Profiles

Newbrocom Pty Ltd (ABN 39 152 026 330) trading as Momentum Financial Planning is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee Licence number 234665.



Momentum Financial Planning is one of a select number of businesses that has been awarded Certified Quality Advice Practice status by Charter Financial Planning. This programme sets an industry benchmark for providing high-quality financial advice. The certification is awarded based on industry qualifications, demonstrated best practise business operations and proven success in meeting the financial planning needs of clients.

© Momentum Financial Planning 2010 - 2019 All Rights Reserved :: Website by Giant Media :: ADMIN