Offset accounts can help reduce your tax bill by offsetting taxable income from deposit accounts against interest paid in after tax dollars on mortgage repayments. However, not all offset accounts are equal, with many not paying the same interest as you are charged on your mortgage.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). OFFSET ACCOUNT. Retrieved September 20, 2026, from http://smartdefine.org/offset_account/definitions/1159572 |
| Chicago | Barry Goldsmith. 2010. "OFFSET ACCOUNT" http://smartdefine.org/offset_account/definitions/1159572 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, OFFSET ACCOUNT, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/offset_account/definitions/1159572>. |
| MLA | Barry Goldsmith. "OFFSET ACCOUNT" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/offset_account/definitions/1159572> |