The new financial year will ring in lower tax rates. Using them cleverly means borrowers could shave years off their home loan.
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The introduction of the revamped stage three tax cuts on July 1 means savvy borrowers can effectively wipe $322,000 from their home loans.
The stage three tax cuts reduce the 32.5 per cent tax bracket to 30 per cent and increase the 37 per cent threshold from $120,000 to $135,000.
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Original URL: https://www.afr.com/wealth/personal-finance/how-stage-three-tax-cuts-can-save-you-322-000-on-your-mortgage-20240521-p5jfbq
