To protect privacy, this is a composite example based on several Iconic clients, but it illustrates how NFP salary packaging and home loan strategy can work together.
The starting point
“Emma” (not real name) works for a large community based not for profit. She owns her home, has a principal and interest mortgage with a major bank, and uses some of her living expense cap for general bills but not for the mortgage. Her rate has crept up over time and cash flow is tight.
The review
Iconic Mortgage Solutions:
- Reviewed Emma’s loan structure, rate and features.
- Looked at her salary packaging statement and unused cap.
- Mapped how much of her mortgage could sensibly be packaged while still leaving room for other essentials.
The strategy
Working with Emma’s salary packaging provider and an NFP friendly lender, Iconic helped her:
- Refinance to a more suitable loan product.
- Reroute part of her repayments through pretax salary within the cap.
- Use the improved cash flow to build a small buffer and plan measured extra repayments.
The outcome
Over time, Emma reported:
- Greater confidence in her monthly finances.
- A clearer understanding of how her pay, packaging and loan interact.
- A more deliberate path toward paying down her mortgage.
“If you see yourself in Emma’s story, Iconic can explore whether a similar approach could work for you. Every situation is different, and personalised advice matters.”