“The best way to not pay tax is to mum to withdraw 100% of that money and literally gift it to the adult children tomorrow”
MM
Martin McGrath
Retire Right ·
“Parents helping their kids with their mortgages post-purchase, not just help buy, but also help service your mortgage.”
Australian Retirement Podcast · Will property prices recover in 2027? Chris Bates on the next move
Play from 12:43
12:43
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What was described
provide mortgage servicing assistance to adult children (paying mortgage installments)
Said nearby on the same subject
“At 5.3% for a 30-year mortgage… $1 million mortgage is a $2 million repayment… if the bank of mom and dad gives you $100,000 you only need a $900,000 mortgage… you saved $200,000”
SK
Simon Kirstenmacher
Demographics Decoded - Unveiling the trends shaping your future ·
“I’d prefer it to go into my mortgage offset and offset that mortgage”
♫
Said on She's On The Money
“…try to live on the budget of having that bigger mortgage for a period of time before you take it out… no matter what servicing calculator says…”
♫
Said on this is property
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