Having your home (PPOR) PPOR paid off is important because any interest charged is not tax deductibe. However, if you pull equity out of your PPOR loan and structure it into a separate loan split, and if you only use this money for the purposes of investment, then any interest charged on that loan split is tax deductible.
In trying to pay of the bad debt against a PPOR, one can employ the principles of debt recycling, which enable you to pay of you home sooner(ie the bad, non deductible debt) and build an investment portfolio at the same time.
Having your home (PPOR) PPOR paid off is important because any...
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