Salary packaging your mortgage payments could help you own your home sooner.
By contributing pre-tax dollars towards your mortgage payments you could reduce the term of your loan - and save on interest too.
Who can package mortgage payments?
To salary package mortgage payments you must be the owner-occupier of your home and work for a:
- private or public not-for-profit hospital
- charity or other not-for-profit organisation
- a private school, clubs/association, religious institution
and your employer offers this as part of your workplace benefits program. Contact your employer to find out if this benefit is available to you.
What exactly can I package?
You can salary package both principal and interest payments. It's up to you.
Still not sure whether you can package mortgage payments? Contact your employer to find out if this benefit is available to you.
Things you need to know: The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial or taxation advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. The use of facilities such as lines of credit secured against your mortgage and offset accounts are not able to be packaged. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (Input Tax Credits or refund on GST) are excluded. RemServ may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties.