Save On Your Mortgage Interest
You can salary package the interest you pay on your mortgage for the house you live in, in a remote area.
If you qualify for the remote area housing benefit, only 50% of the interest paid on your mortgage (not principal) is used in calculating the limit.
The home must be where you are living and not an investment property.
Package Requirements
The full amount of mortgage interest payments are added to your package, 50% of this is tax free, the other 50% attracts FBT.
