Originally Posted by rowan

Not quite the same thing, but I've also been looking at ways to SAVE in my local currency. A discount is like tax free income!

http://www.fyibox.com/for-your-infor...-free-interest

Here's the important bit

"To conclude, let's go back to our savings account and look at it another way: to earn the equivalent of $700 in tax-paid interest, you would need need to increase the amount sitting in your savings account for the year to just over $18,850. You can save the same $700 by keeping only $10,000 in your home loan account for the year."