A new online petition is calling on the UK Government to allow people to pay their mortgage through their wages before any tax or National Insurance deductions are made, in a similar way to pension contributions. The petition proposes that amending the ‘salary sacrifice’ process “would allow more people to become mortgage-free sooner” and could help struggling households during the ongoing cost of living crisis.
The ‘Allow people to pay their mortgage through salary sacrifice’ petition has been created and posted on the official petitions-parliament website by Aqad Zane. It states: “The Government should allow all mortgage contributions towards an individual's main residence or family home to be made through salary sacrifice, prior to tax and national insurance deductions (similar to pension contributions).
“This would allow more people to become mortgage free sooner in life and put more towards their and their children's future. It could also help divorced couples, where people are having to start life all over again, on their own, at a late age.”
