4/29/2024 0 Comments Wetransfer![]() All you are doing is wasting the earning you could be making on the excess funds. I see no point in having the offset account with the balance higher than the loan. When you take out a loan, you are required to make the required monthly payments – an offset account is just a useful device that lets you use surplus funds to reduce the interest payable and so reduce the loan faster. Why would this be? I thought that with an offset account, you are only charged for the difference between the amount owing and the amount in your offset account. My bank is still debiting my personal account. We download all files through the browser, so you will not see the download progress in WeTransfer itself, and you may not be asked where to store the file. This offset account balance is over $115,000, while my home loan debt is $80,000. We’ve summarised the basic features that a free WeTransfer account has to offer below with relevant details for your perusal. I have an offset account against my home loan. Having used up your transfer balance cap of $1.6 million, no more transfers to pension mode are allowed – however your pension account can grow without limit provided you take the mandatory pension each year. The contribution can be made irrespective of your age or total superannuation balance. You can contribute up to $300,000 each from the sale of your residence provided certain conditions are met. ![]() The down-sizer contribution is a one-off exception. No contributions to superannuation are allowed once you reach 75, or if your total superannuation balance exceeds $1.9 million. ![]()
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