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AUSTRALIAN MEDICAL ASSOCIATION (WA)
One of the many ways the AMA(WA) supports our members is to bring you outstanding products and services from our specially selected partner organisations. And with the financial year rapidly drawing to a close, we know many members are looking for opportunities to improve their tax position before year end.If you have an investment property or you’re thinking of buying one, you might like to consider an interest only Fixed Rate Investment Home Loan paying interest in advance from the Commonwealth Bank. By prepaying next year’s interest payments in one lump sum you’ll benefit from 0.35% p.a. discount on the standard fixed investment home loan rate*. That’s in addition to any preferential rates and fee discounts you already receive as an AMA (WA) member.
Even better, you may be able to claim a deduction for the year’s interest costs, providing an immediate tax benefit this financial year. As tax laws are complex and everyone’s situation is different, we recommend you consult your accountant or tax adviser before making any decisions.
Why consider paying interest in advance on an interest-only Fixed Rate Investment Home Loan?
What do you need to do?
To find out more call Lisa Iacomella, Manager Premier Banking, CommBank, on (08) 9211 1712 for an obligation-free consultation.