Pay off your mortgage the smarter way
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.