Hello all, I'm new so please be nice I'm looking to reduce the mortgage on my PPOR = $270000 I have no other investments or loans for that matter. I've applied to ANZ for a line of credit @ 7.22% and should have about $88000 to use, maybe more they are still doing the evaluation. I was thinking of placing this into a managed fund as I'm new to trading. I've almost settled on the WilsonHTM funds : Investment Management Australia, Investment Company Australia, Investment Managers I was thinking of putting 40000 in each of their funds for between 4 and 5 years or longer. Any opinions on this fund, seems to have done well over the last 5 years even through the GFC. Questions: 1. Is the interest on the LOC tax deductible, I mean I don't need to go with a margin loan? 2. Tax to look out for? Capital gains, which is at my top tax rate 38%? 3. Since my wife earns in the 15% tax bracket, can I put the earnings to her salary and pay the lower tax? The investment will be in both names. The fund pays every 6 months and I was going to pull some out at the end of the year to pay things like capital gains and other charges I haven't seen. Good idea? Thanks, any comments welcome.