'Efficient' debts are used to purchase assets that produce income. For example, a portfolio of shares or an investment property. These debts allow you to qualify for a tax deduction in relation to interest costs.

'Inefficient' debts drain the creation of wealth. Loans taken out to purchase services or assets that do not generate income (for example, to purchase a car or fund a holiday) do not qualify for a tax deduction. Such debts, while they may seem necessary at the time, do not optimise your overall wealth, and instead result in mounting bills.

By accelerating the reduction of your inefficient debt, we can:

• Reduce your total interest payments
• Increase the equity you have in your home
• Promote cash flow at the end of the loan term to create future investment opportunities.