Liam Shorte
speaker
320 appearances
2 recordings
1 series
first heard May 2026
last heard 7 Jul
Liam Shorte’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
Whereas if you're making extra payments off the loan and they're going into redraw, you can only get a deduction for that redraw if it's used for investment purposes.
So you're going to find a lot more people looking at using offset accounts, especially we know for the younger generation, they're probably going to move three or four times in their life.
for work and everything.
So it'll make more sense to just pay the principal interest basic and any extra payments stored in the offset account.
And then if you do go to move to another property, you'll use the offset money towards the purchase of new property, which will leave you with the maximum deductible
loan on your old property.
I think Treasury ran the figures and they found that they wouldn't have raised enough by doing that.
And that's plain and simple.
If they're going to make a big move like this, it had to be a bold one.
Otherwise, they were going to cop all the grief for little return.
They're an even better option going forward.
We've always used them as a stopgap between 55 and 60 for people who wanted to retire younger, who are on a high income at the moment.
It was a great way of locking money away for 10 years and funding that period between 55 and 60.
Yes, to get the optimal.
Yeah, so from year seven, eight, nine onwards, the tax hit, if you take it out early, is less, but the optimal is keep it for 10 years and then drip feed it out from there over the longer term.
And again, James, it'll be the focus on franking credit or income orientated
returns inside those bonds now, because they're going to try and get that 30% tax bracket that trusts or those investment bonds are taxed internally.
They are going to try and get that down as far as possible.
Whereas what we're talking about on the CTT or the trust distributions outside, they're talking minimum 30% plus.
So the bonds will have their day.
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