28 April 2013

Home owners can salary package their mortgage repayments which could decrease the length of time remaining on their loan.

Employees that work for the following organisations can salary package their mortgage repayments if they are the owner-occupier of their home:

  • charities
  • not-for-profit organisations
  • private or public not-for-profit hospitals

There are even no restrictions to whether employees package either the principal or the interest payments.

Employees should contact their employer to see if this workplace benefit is available to them.