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This doesnt sound right. An employee cant claim deductions for credit card repayments or personal loan repayments anyway as these are "capital". If the card or personal loan have any deductible interest this can also trigger a reduced deduction....There is a difference between a loan repayment...

Sal Sac of a deductible loan is a zero sum game. There will be no increased tax benefit. Your personal salary will drop $16K and your tax deductions for IP interest also drop $16K. Why bother ? If I were an employee with a home loan and also a IP I would sal sac the maximum on your...