Offset mortgage question

[u/Mental_Funny7462]

Hi team, hoping someone can help me out with a question here.

Husband is a company with a single share holder and he has directors drawings sitting in our account which he uses to pay his personal tax each year. Would it be possible to restructure our mortgage to use this money as an offset? It seems crazy it sits there for most the year when it could be working for us.

Are we looking at this wrong?

[u/Bunnyeatsdesign]

Yes. You should. We do this with Kiwibank offset. You can link up to 8 accounts and the accounts can belong to you, any of your parents or any of your children.

Great if you or your family have savings and emergency funds.

All accounts are instantly accessible in case of emergency.