Offset Account Calculator (Australia)
Offset Account Calculator (Australia): a planned Super Calculator tool. Covers loan balance (AUD). Stub page while the tool and its worked example are prepared.
Offset Account Calculator (Australia) is a planned calculator in the real estate section of Super Calculator, covering country mortgage regimes.
What this calculator will compute
Inputs: loan balance (AUD), offset balance (AUD), rate (%), term (years), regular offset contributions (AUD) and marginal tax rate (%).
Outputs: interest saved per year (AUD), term reduction (months), equivalent pre-tax savings rate (%) and total interest saved (AUD).
Formula, recorded as scope and not yet verified against a primary source: An offset account balance is netted against the loan balance before interest is calculated daily, so interest = (loan balance - offset balance) * daily rate. The saving is equivalent to earning the loan rate tax free, which beats a taxable savings account at any marginal rate above zero.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.