Offset Account Calculator

See what your offset balance really earns you, tax free, against your loan.

Your details

Loan balance

Interest rate

Remaining loan term

yrs

Average offset balance

Loan balance, with and without the offset

No offsetWith offset

Interest saved over the life of the loan

$123,155

Interest saved in the first year$2,440.00
Time cut off your loan3 yrs 10 mths
Effective tax-free return on your offset balance6.1%
Savings rate you would need to match it at a 32% marginal rate8.97%

Offset savings are not income, so there is nothing to declare and nothing to tax — that is why the equivalent pre-tax savings rate is so much higher than the loan rate.

Get an offset structure that suits you

This calculator gives a general estimate only. It is not personal financial, credit or tax advice and does not take your objectives or circumstances into account.

What this calculator assumes

The offset balance is held for the whole remaining term and repayments continue unchanged, so the loan is repaid sooner rather than the repayment being reduced.
A 100% offset account against a variable rate loan, with interest calculated daily and charged monthly.
The pre-tax comparison uses a 32% marginal rate — the $45,000 to $135,000 tax bracket plus the Medicare levy from our shared rate file, current as at July 2026.
Any monthly or annual package fee charged for the offset facility is not deducted.
Rates and thresholds current as at July 2026.

This calculator provides a general estimate only. It is not personal financial, credit or taxation advice and does not take your objectives, financial situation or needs into account. Counting Beans A.F. provides financial advice under AFSL 491754 (D&M Financial Services Pty Ltd) and credit assistance under Credit Representative number 528884. Please read our Financial Services Guide and Credit Guide, and speak with us before acting on any result.

Offset Account Calculator

Your details

What this calculator assumes

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