On the other hand a good investment fund spread might deliver 10-12%.
"This will give you a tax-free return of around 4% a year" - how is this the case? If one were to pay down their mortgage would they not still suffer CGT down the line when they realise whatever equity they have built up from paying down their mortgage?
"Would you borrow money at 4% to invest in a risky investment which will give a return of around 4% which would be subject to tax at your marginal rate?" what if you were to borrow money at slightly less than 4% for an arguably safe property investment giving return of 7 or 8% atho obviously still subject to tax? - surely this is a clear yes and only in the situation you describe or worse then its a clear no?
You don't need a rainy day deposit at all.
Get an overdraft and pay massive interest rates?
You don't need a rainy day deposit at all.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?