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You could pay off your loan quicker - and save

Personal Loans iStockIf you've taken out a personal loan, you could salary package your repayments. Your personal loan can be for anything from a car or consolidating your debts or going on a holiday.

Either way, by paying your loan with pre-tax money, you could save you interest by paying your loan off sooner as well as saving on tax.

What exactly can I package?

You can salary package loan repayments for:

  • interest only investment loans
  • personal loans.

The loan must be in your name (or jointly with someone else).

Who can package this?

You could salary package loan repayments if you work for a:

  • public or private not-for-profit hospital
  • charity or other not-for-profit organisation

and your employer offers this as part of your workplace benefits program.  Refer to your Employer's Information Booklet in My Employer Hub to ensure your employer offers this benefit.

How much could you save each year?

At RemServ, we take the guesswork out of salary packaging.
Use our salary packaging calculator to estimate how much you could save.

Ready to get started?

Already packaging - but now want to package personal loan repayments too?

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