WealthPersonal FinanceBudgetingOpinionDoes your offset account pass the ‘next dollar test’?Most households treat their offset account as the default place for spare cash but in some cases their money could be working much harder elsewhere.Sangram RanaFinancial adviserAsk Australians what they should do with surplus cash and you will usually hear the same answer: put it in the offset account.Last month a client who had built up $150,000 answered the question for me before I could open my mouth: “The offset, right?”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Personal financeFetching latest articlesMost Viewed In Wealth
Does your offset account pass the ‘next dollar test’?
Most households treat it as the default place for spare cash, but in some cases their money could be working much harder elsewhere.
107 words~1 min read
