Broker recommendation for debt recycling via shares

The dreaded draaagiiing

Portfolio is an OK solution for an actice DR strategy but does demand the use of LOCs ( urghh).

Suggest maybe give your existing broker another go and look at either AMP or Macq as best of breed options. Most brokers dont play in this specialist space unless they do a fair bit of work with a specialist DR planner. Its simple.................... but not obvious stuff.

if cash out will be more than 100 k, and you dont have an existing equities portfolio, AMP will usually want the planners letter/SOA or an accountants letter for the lenders protection.

Mac usually dont demand the same but have recently become a little tougher with cash out over 70 % LVR where your serviceability is a little tight

Which is better ? Depends on various things like if you are valuation reliant, if your risk profile and tax position suits limit swapping from PI ( oo) to IO ( for recycled investment split), which you can only do with AMP.

We tend to do more volume of Macq because of slightly higher servicing and most of our clients are middling tax position, not top tax bracket where AMP often come out in the modelling to the TO IO split recycling.

Also suggest you seek specific tax, credit and perhaps planning advice because the above could all be very wrong for some client mixes.

ta
rolf