We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Offset mortgages ever worth it?
b0redom
Posts: 25 Forumite
Hi,
I own my own company, and am paid gross by my clients - once a year I have to pay corporation and income tax. Is it ever worth getting an offset mortgage, and leaving tax money in there until it's time to pay my tax?
Cheers...
I own my own company, and am paid gross by my clients - once a year I have to pay corporation and income tax. Is it ever worth getting an offset mortgage, and leaving tax money in there until it's time to pay my tax?
Cheers...
0
Comments
-
you will save some interest by doing that. You dont necessarily need an offset mortgage though, one with unlimited overpayments and the ability to draw this back when it comes to paying tax man would be equally as good.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards