If you are eligible for the FBT exempt cap amount and choose to salary package your mortgage payments, it could help you save on tax, and, dependent on the type of loan, own your home sooner.
Best of all, Maxxia can pay or reimburse the salary-packaged portion of your mortgage for you by setting up regular 'set-and-forget' automated payments.
Who can package mortgage payments?
To salary package mortgage payments you must be the owner-occupier of your home and work for:
SA Local Health Network
SA Ambulance Service
Legal Services Commission SA
This benefit sits within any FBT exempt cap limits provided by your employer.
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 advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. 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 (refund on GST) are excluded. Maxxia may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties. Maxxia Pty Ltd ABN 39 082 449 036 Authorised Representative (No. 278683) of McMillan Shakespeare Limited (AFSL No. 299054).
