LBW Chartered Accountants

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LBW is one of Geelong’s largest and most reputable accounting firms which in itself has been serving the business community for over 25 years.

If you want to repay your mortgage quickly and still have easy access to your additional repayments, an offset account may be worth using.

What’s an offset account?

An offset account is a transaction account that is linked to your home loan and the money you deposit in it offsets the loan balance before interest is calculated. For example, if you owe $400,000 on your home loan and have accumulated $50,000 in an offset account, interest will be calculated on $350,000.

Benefits over regular savings accounts

If you hold your surplus cash in an offset account you can save interest at home loan rates, a

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LBW Financial Planning was established in July 2005 and since then has gone from strength to strength as more and more clients realise the importance of the role planning plays in achieving their financial goals. LBW Financial Planning Pty Ltd is 100% owned by LBW Chartered Accountants, and are an Authorised Representative of Lonsdale Financial Group Limited, AFSL 246934.

LBW Chartered Accountants is experienced in the audit of all types of organisationsin different industries. We also audit public sector and not-for-profit organisations such as local councils, co-operatives, indigenous organisations, charities, foundations, professional associations and trusts.