Mortgage payments - weekly payroll deduction setup

Question

I work for a NFP and we are offering salary packaging options to our employees for mortgage and home loan repayments.   Can anyone advise how this deduction should be reflected on weekly payslips - is it meant to be salary sacrifice - other?  or should it be set up another way?

Princess_R · Answer

Hi @Steph123456,

Thanks for reaching out and for your interest in setting up deductions for mortgage payments in your weekly payroll.

I'm sorry for the late reply. While I can’t offer financial advice or determine the specific reporting categories you should choose, I'm more than happy to share a helpful resource with you. This Help article, Salary Sacrificing, contains information on setting up deductions. However, given the complexity of this situation, it would be beneficial to seek advice from your accountant.

Please let me know if there's anything else I can assist you with.

If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.

Cheers,

Princess