Calcolatore HECS-HELP Australia 2024-25

Your Income

Relevant Income for Refund Purposes (AUD)Taxable income + Declared fringe benefits + Net losses from investment

Refund HECS-HELP

Refund Percentage3.5%

Annual Refund2,625.00 AUD

Weekly Refund50.48 AUD

HECS Refund Slices 2024-25

Income ThresholdProportion

$54,435 – $62,8491%

$62,850 – $66,6202%

$66,621 – $70,6182.5%

$70,619 – $74,8553%

$74,856 – $79,3463.5%

$79,347 – $84,1074%

$84,108 – $89,1544.5%

$89,155 – $94,5035%

$94,504 – $100,1745.5%

$100,175 – $106,1856%

$106,186 – $112,5566.5%

$112,557 – $119,3097%

$119,310 – $126,4677.5%

$126,468 – $134,0568%

$134,057 – $142,0998.5%

$142,100 – $150,6279%

$150,628 – $159,6639.5%

$159,664 – No limits10%

Come utilizzare HECS-HELP Calculator Australia 2024-25

Insert your income

Insert your relevant income for refund purposes ( taxable income + declared fringe benefits + total net investment losses). The HECS-HELP refund is mandatory above $54,435.

Verify your refund percentage

Tax refund rate varies from 1% to 10% based on your income bracket. The Australian Taxation Office automatically collects refunds through the PAYG withholding system.

Suggerimenti

Make voluntary refunds before June 1st each year reduces the subject to CPI indexing: a useful strategy when inflation is high.
If you transfer abroad, you must still claim back HECS-HELP if your worldwide income exceeds the refund threshold.
Your relevant income for refund purposes is not just your salary. It includes declared benefits, total net investment losses, and additional declared pension contributions from your employer.

Domande frequenti

What is HECS-HELP?

HECS-HELP (Higher Education Contribution Scheme - Higher Education Loan Program) is an Australian government loan program that helps eligible students pay their student contribution amounts (course fees) for Commonwealth supported places.

Is there interest on HECS-HELP?

HECS-HELP debts are indexed annually on 1 June using the Consumer Price Index (CPI). In 2023 the indexation rate was 7.1%. There is no interest in the traditional sense.

When do repayments start?

Compulsory repayments start when your repayment income exceeds the minimum threshold ($54,435 for 2024-25). Repayments are made through the tax system - your employer withholds extra amounts.

Can I pay my debt voluntarily?

Yes, you can make voluntary repayments at any time. From 1 January 2020, voluntary repayments no longer receive a bonus discount, but they reduce your indexable balance before 1 June.

HECS HELP Calculator - Australia 2024-25