Interest (Remote Area)
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 be an investment property.
50% of your mortgage interest payments will be added to your package for the fringe benefits tax (FBT) year.
Process and Payment Options
Select Remote Area Interest, the full annual amount of your intereset payments and your preferred packaging / payment option.