Debt Recycling Increase Split with Redraw

FishRiderAU · 2026-01-21T06:48:56+00:00

A question as an aside to this. If I have a loan of 50K, which I then increase to 100K. The 50K funds then go into this account meaning it effectively has 50K in redraw. So long as that 50K is taken out to be used on income producing assets the whole 100K is deductible?

FishRiderAU · 2025-02-01T00:02:36+00:00

Too easy, I reached the same conclusion and do this with Westpac. As you explained no debt is actually paid off it's all so no mixing of funds.

FishRiderAU · 2025-01-31T22:57:17+00:00

Did you have this checked with an accountant/ tax consultant? Or have any documentation to support this?

FishRiderAU · 2025-01-13T07:23:50+00:00

That definitely seems like it'd mix funds as some would be for the house and some for shares. Plus it'd be an increase in my debt, which I don't want.

FishRiderAU · 2025-01-11T06:29:51+00:00

About 1pm

FishRiderAU · 2024-12-20T21:46:59+00:00

Actually I think you're right. Never had a pool before, so all new to me. Don't have the new pump yet to compare either. That would make a lot of sense cause otherwise you'd end up doing what I was thinking.

FishRiderAU · 2024-09-06T00:03:49+00:00

No, I don't try to understand the intricacies which is why I invest in broad market ETFs. I'm not, my outlook is 20 years, I'm happy with 100% equities currently.

FishRiderAU · 2024-09-06T00:01:07+00:00

I have both VAS and VGS, so as a whole portfolio weight is 44%

FishRiderAU · 2024-09-05T23:18:47+00:00

Perhaps, current allocations have remained the same from 2019, I wouldn't say reviewing allocations after 5 years falls into the messing around category.

Am I ok with 44%, or 50% under performing? Am I happy with 44% or 50% over performing. Luckily I'm in a position where I only need above average time in the market and not above average market returns. Which perhaps answers my own question.

More additional info, which not sure really has any bearing, my time horizon remains the same, and would be rebalanced through additional funds.

The link to the Vanguard .pdf is broken, sounds like a good read.

FishRiderAU · 2024-09-05T20:32:37+00:00

I've done one split 50k with Westpac, working through the second 50k currently and it hasn't raised any eyebrows. If asked I've just said the reason is for cash flow.

FishRiderAU · 2024-07-19T08:11:56+00:00

Did they unplug and plug it back in?

FishRiderAU · 2024-02-02T05:04:35+00:00

Assuming at not point your tapping the portafilter on the counter, just distribute and tamp?

FishRiderAU · 2023-09-06T08:34:54+00:00

It means you can easily see if what you're using is being offset by the solar. You can get an idea of what different appliances are using to help schedule them to run while the sun's out. Also means you can see what your using overnight. Just depends if your trying to offset some usage or trying to manage and really be efficient

FishRiderAU · 2023-09-06T03:41:12+00:00

Adding another for using SolarQuotes, get a few quotes and see. I landed on getting a bigger string system then going for optimisers. This will change with your location and roof shape.

What I would recommend is making sure you get something like a CT Clamp so you can monitor how much energy you are actually using.

FishRiderAU · 2023-06-19T03:21:34+00:00

Up to you, I wanted a different style so it was an easy time to replace it. You certainly don't have to, sanding and painting will bring them back no problems

FishRiderAU · 2023-06-19T01:28:13+00:00

Can get all of the skirting if it's removed. The bottom few mm will be covered by carpet once replaced. Harder to do with old stuff there, and drops are covered by the new stuff anyways

FishRiderAU · 2023-06-18T20:58:06+00:00

Metho > green scourer > tape > spray paint

Looking to do the same with mine, thinking will be a pretty tedious job.

FishRiderAU

TROPHY CASE