Salary Packaging Home Loan Payments. Salary Packaging your mortgage? Here’s what you need to know. The Salary Packaging People The Maxxia Wallet - the other set-and-forget benefit! There aren't many ways to save on your home loan, but salary packaging can help you save on tax and maximise your earnings.
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Those working with a non for profit organisation or charitable institution: These organisations are either exempt from Fringe Benefits Tax (FBT) or receive a 47% rebate on the FBT. The employee won't pay income tax on the salary sacrificed funds that are used to pay their home loan repayments
on 1300 889 743 to talk to a mortgage broker that specialises in lending to people who have pre-tax deductions in their pay. This payment is taken out pre-tax, meaning that while Georgina's salary is still $80,000, her taxable income after the salary sacrifice is now $71,134 Because this reduces your amount of taxable income each pay cycle, the tax.
Salary Packaging Walshs. Home loan: Packaging your home loan is one of the best ways to reduce your tax bill You can only salary package home loan repayments for a property you live in; you cannot salary package repayments for an investment property..
Salary Packaging will Effect Family Tax Benefit. Salary packaging your mortgage payments could help you own your home sooner The employee won't pay income tax on the salary sacrificed funds that are used to pay their home loan repayments