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WARNING! THIS PAGE HAS NOT BEEN UPDATED
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As we no longer have the resources to keep it up to date, this website ceased to be a subscription website from March 2022
(last annual subscription accepted in December 2020)
You should not rely on it for the most up to date information. Having said that, we do update some of it from time to time.
You may still find some of it useful.
You may wish to use the atotaxrates.info website instead, which may be more up to date.
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* Please click on maximise [+], not the titles, to display the contents of any hidden containers *
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Links to expert information on this topic
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Discounts on upfront and voluntary contributions
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For payments made under the Higher Education Contribution Scheme (HECS):
From: 1 January 2017
> the discounts available to students electing to pay their student contribution up-front (10%) and make voluntary payments (5%) was scrapped.
From: 1 January 2012
> the discount available to students electing to pay their student contribution up-front has been reduced from 20% to 10%, and
> the bonus on voluntary payments of $500 or more has been reduced from 10% to 5% (prior to 1/1/2005 it was 20%).
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Delayed Repayment
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First and second half-year debts incurred in the current year don't become due for repayment until the end of the following year.
Therefore the Tax Portal may show a HELP debt owing at 30 June, but there will not necessarily be a repayment taken by the ATO when the current year's tax return is assessed.
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HELP/HECS/SFSS Indexation Rates
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On 1 June each year indexation is applied to the part of accumulated HELP/HECS/SFSS debts which have remained unpaid for 11 months or more.
NB! To avoid indexation for HELP and HECS, ensure that you make any voluntary repayments well before 1 June so that the ATO has time to process the payment and credit it to your account before 1 June.
Indexation maintains the real value of the debt by adjusting it in line with changes in the cost of living as measured by the Consumer Price Index (CPI). The indexation figure is calculated each year after the March CPI is released. It is based on financial figures collected by the Australian Bureau of Statistics over the previous 2 years.
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Year
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Indexation rate
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| 2022 |
3.9% |
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2021
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0.6%
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2020
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1.8%
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2019
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1.8%
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2018
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1.9%
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2017
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1.5%
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2016
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1.5%
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2015
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2.1%
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2014
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2.6%
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2013
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2.0%
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2012
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2.9%
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2011
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3.0%
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2010
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1.9%
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2009
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3.9%
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2008
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2.8%
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2007
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3.4%
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2006
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2.8%
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2005
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2.4%
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2004
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2.4%
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2003
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3.1%
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2002
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3.6%
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2001
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5.3%
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2000
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1.9%
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1999
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1.2%
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1998
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-0.1%
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1997
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2.0%
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1996
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4.6%
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1995
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2.5%
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1994
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1.9%
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1993
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0.9%
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1992
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2.4%
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1991
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6.4%
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1990
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8.0%
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2021/2022 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP - SFSS rate 2021-2022
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Help repayment income
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Repayment rate
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Below $47,014
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Nil
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$47,014 - $54,282
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1.0% of HRI
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$54,283 - $57,539
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2.0% of HRI
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$57,540 - $60,992
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2.5% of HRI
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$60,993 - $64,651
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3.0% of HRI
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$64,652 - $68,530
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3.5% of HRI
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$68,531 - $72,642
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4.0% of HRI
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$72,643 - $77,001
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4.5% of HRI
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$77,002 - $81,621
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5.0% of HRI
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$81,622 - $86,519
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5.5% of HRI
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$86,520 - $91,710
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6.0% of HRI
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$91,711 - $97,213
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6.5% of HRI
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$97,214 - $103,045
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7.0% of HRI
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$103,046 - $109,227
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7.5% of HRI
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$109,228 - $115,679
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8.0% of HRI
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$115,680 - $122,729
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8.5% of HRI
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$122,730 - $130,092
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9.0% of HRI
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$130,093 - $137,897
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9.5% of HRI
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$137,898 and above
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10.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2020/2021 - Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP-SFSS rate 2020-2021
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Help repayment income
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Repayment rate
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Below $46,620
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Nil
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$46,620 - $53,826
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1.0% of HRI
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$53,827 - $57,055
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2.0% of HRI
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$57,056 - $60,479
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2.5% of HRI
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$60,480 - $64,108
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3.0% of HRI
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$64,109 - $67,954
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3.5% of HRI
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$67,955 - $72,031
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4.0% of HRI
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$72,032 - $76,354
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4.5% of HRI
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$76,355 - $80,935
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5.0% of HRI
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$80,936 - $85,792
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5.5% of HRI
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$85,793 - $90,939
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6.0% of HRI
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$90,940 - $96,396
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6.5% of HRI
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$96,397 - $102,179
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7.0% of HRI
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$102,180 - $108,309
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7.5% of HRI
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$108,310 - $114,707
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8.0% of HRI
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$114,708 - $121,698
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8.5% of HRI
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$121,699 - $128,999
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9.0% of HRI
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$129,000 - $136,739
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9.5% of HRI
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$136,740 and above
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10.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2019/2020 - Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP-SFSS rate 2019-2020
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Help repayment income
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Repayment rate
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Below $45,881
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Nil
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$45,881 - $52,973
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1.0% of HRI
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$52,974 - $56,151
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2.0% of HRI
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$56,152 - $59,521
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2.5% of HRI
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$59,522 - $63,092
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3.0% of HRI
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$63,093 - $66,877
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3.5% of HRI
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$66,878 - $70,890
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4.0% of HRI
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$70,891 - $75,144
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4.5% of HRI
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$75,145 - $79,652
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5.0% of HRI
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$79,653 - $84,432
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5.5% of HRI
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$84,433 - $89,498
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6.0% of HRI
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$89,499 - $94,868
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6.5% of HRI
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$94,869 - $100,560
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7.0% of HRI
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$100,561 - $106,593
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7.5% of HRI
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$106,594 - $112,989
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8.0% of HRI
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$112,990 - $119,769
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8.5% of HRI
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$119,770 - $126,955
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9.0% of HRI
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$126,956 - $134,572
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9.5% of HRI
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$134,573 and above
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10.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2018/2019 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP rate 2018-2019
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Help repayment income
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Repayment rate
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Below $51,957
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Nil
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$51,957 - $57,729
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2.0% of HRI
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$57,730 - $64,306
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4.0% of HRI
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$64,307 - $70,881
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4.5% of HRI
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$70,882 - $74,607
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5.0% of HRI
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$74,608 - $80,197
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5.5% of HRI
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$80,198 - $86,855
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6.0% of HRI
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$86,856 - $91,425
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6.5% of HRI
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$91,426 - $100,613
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7.0% of HRI
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$100,614 - $107,213
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7.5% of HRI
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$107,214 and above
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8.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2017/2018 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP rate 2017-2018
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Help repayment income
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Repayment rate
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Below $55,874
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Nil
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$55,874 - $62,238
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4.0% of HRI
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$62,239 - $68,602
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4.5% of HRI
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$68,603 - $72,207
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5.0% of HRI
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$72,208 - $77,618
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5.5% of HRI
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$77,619 - $84,062
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6.0% of HRI
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$84,063 - $88,486
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6.5% of HRI
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$88,487 - $97,377
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7.0% of HRI
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$97,378 - $103,765
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7.5% of HRI
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$103,766 and above
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8.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2016/2017 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP rate 2016-2017
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Help repayment income
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Repayment rate
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Below $54,868
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Nil
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$54,869 - $61,119
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4.0% of HRI
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$61,120 - $67,368
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4.5% of HRI
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$67,369 - $70,909
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5.0% of HRI
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$70,910 - $76,222
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5.5% of HRI
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$76,223 - $82,550
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6.0% of HRI
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$82,551 - $86,894
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6.5% of HRI
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$86,895 - $95,626
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7.0% of HRI
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$95,627 - $101,899
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7.5% of HRI
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$101,900 and above
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8.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2015/2016 - Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP rate 2015-2016
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Help repayment income
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Repayment rate
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Below $54,126
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Nil
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$54,126 - $60,293
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4.0% of HRI
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$60,294 - $66,457
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4.5% of HRI
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$66,458 - $69,950
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5.0% of HRI
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$69,951- $75,191
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5.5% of HRI
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$75,192 - $81,433
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6.0% of HRI
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$81,434 - $85,719
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6.5% of HRI
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$85,720 - $94,332
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7.0% of HRI
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$94,333 - $100,520
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7.5% of HRI
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$100,521 and above
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8.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2014/2015 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
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HECS-HELP rate 2014-2015
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Help repayment income
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Repayment rate
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Below $53,345
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Nil
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$53,345 - $59,421
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4.0% of HRI
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$59,422 - $65,497
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4.5% of HRI
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$65,498 - $68,939
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5.0% of HRI
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$68,940 - $74,105
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5.5% of HRI
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$74,106 - $80,257
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6.0% of HRI
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$80,258 - $84,481
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6.5% of HRI
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$84,482 - $92,970
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7.0% of HRI
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$92,971 - $99,069
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7.5% of HRI
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$99,070 and above
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8.0% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
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2004/2005 - 2013/2014 - Compulsory Repayments
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2013/2014
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
2013/2014 - Compulsory Repayments
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HELP Repayment Income (HRI*)
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Repayment Rate
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Below $51,309
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Nil
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$51,309 – $57,153
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4% of HRI
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$57,154 – $62,997
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4.5% of HRI
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$62,998 – $66,308
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5% of HRI
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$66,309 – $71,277
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5.5% of HRI
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$71,278 – $77,194
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6% of HRI
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$77,195 – $81,256
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6.5% of HRI
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$81,257 – $89,421
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7% of HRI
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$89,422 – $95,287
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7.5% of HRI
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$95,288 and above
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8% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2012/2013 - Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS apply for HELP debts.
2012/2013 - Compulsory Repayments
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HELP Repayment Income (HRI*)
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Repayment Rate
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Below $49,096
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Nil
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$49,096 – $54,688
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4% of HRI
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$54,689 – $60,279
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4.5% of HRI
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$60,280 – $63,448
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5% of HRI
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$63,449 – $68,202
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5.5% of HRI
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$68,203 – $73,864
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6% of HRI
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$73,865 – $77,751
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6.5% of HRI
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$77,752 – $85,564
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7% of HRI
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$85,565 – $91,177
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7.5% of HRI
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$91,178 and above
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8% of HRI
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From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2011/2012 - Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts.
2011/2012 - Compulsory Repayments
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HELP Repayment Income (HRI*)
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Repayment Rate
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Below $47,196
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Nil
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$47,196–$52,572
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4% of HRI
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$52,573–$57,947
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4.5% of HRI
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$57,948–$60,993
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5% of HRI
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$60,994–$65,563
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5.5% of HRI
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$65,564–$71,006
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6% of HRI
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$71,007–$74,743
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6.5% of HRI
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$74,744–$82,253
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7% of HRI
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$82,254–$87,649
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7.5% of HRI
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$87,650 and above
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8% of HRI
|
From 1 July 2009 *HRI will be the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2010/2011 - Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts. Commencing from that date the discount available for voluntary repayments of $500 or more has been reduced to 10%.
2010/2011 - Compulsory Repayments
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HELP Repayment Income (HRI*)
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Repayment Rate
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Below $44,912
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Nil
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$44,912–$50,028
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4% of HRI
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$50,029–$55,143
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4.5% of HRI
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$55,144–$58,041
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5% of HRI
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$58,042–$62,390
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5.5% of HRI
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$62,391–$67,570
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6% of HRI
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$67,571–$71,126
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6.5% of HRI
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$71,127–$78,273
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7% of HRI
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$78,274–$83,407
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7.5% of HRI
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$83,408 and above
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8% of HRI
|
From 1 July 2009 *HRI will be the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2009/2010 - Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts. Commencing from that date the discount available for voluntary repayments of $500 or more has been reduced to 10%.
2009/2010 - Compulsory Repayments
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HELP Repayment Income (HRI*)
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Repayment Rate
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Below $43,151
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Nil
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$43,151–$48,066
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4% of HRI
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$48,067–$52,980
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4.5% of HRI
|
|
$52,981–$55,764
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5% of HRI
|
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$55,765–$59,943
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5.5% of HRI
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|
$59,944–$64,919
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6% of HRI
|
|
$64,920–$68,336
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6.5% of HRI
|
|
$68,337–$75,203
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7% of HRI
|
|
$75,204–$80,136
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7.5% of HRI
|
|
$80,137 and above
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8% of HRI
|
From 1 July 2009 *HRI will be the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2008/2009 – Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts. Commencing from that date the discount available for voluntary repayments of $500 or more has been reduced to 10%.
2008/2009 - Compulsory Repayments
|
HELP Repayment Income (HRI*)
|
Repayment Rate
|
|
Below $41,595
|
Nil
|
|
$41,595–$46,333
|
4% of HRI
|
|
$46,334–$51,070
|
4.5% of HRI
|
|
$51,071–$53,754
|
5% of HRI
|
|
$53,755–$57,782
|
5.5% of HRI
|
|
$57,783–$62,579
|
6% of HRI
|
|
$62,580–$65,873
|
6.5% of HRI
|
|
$65,874–$72,492
|
7% of HRI
|
|
$72,493–$77,247
|
7.5% of HRI
|
|
$77,248 and above
|
8%
|
*HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2007/2008 - Compulsory Repayments
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts. Commencing from that date the discount available for voluntary repayments of $500 or more has been reduced to 10%.
2007/2008 - Compulsory Repayments
|
HELP Repayment Income (HRI*)
|
Repayment Rate
|
|
Below $39,825
|
Nil
|
|
$39,825–$44,360
|
4% of HRI
|
|
$44,361–$48,896
|
4.5% of HRI
|
|
$48,897–$51,466
|
5% of HRI
|
|
$51,467–$55,322
|
5.5% of HRI
|
|
$55,323–$59,915
|
6% of HRI
|
|
$59,916–$63,068
|
6.5% of HRI
|
|
$63,069–$69,405
|
7% of HRI
|
|
$69,406–$73,959
|
7.5% of HRI
|
|
$73,960 and above
|
8%
|
*HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2006/2007 - Compulsory Repayments
|
HELP Repayment Income (HRI*)
|
Repayment Rate
|
|
Below $38,149
|
Nil
|
|
$38,149–$42,494
|
4% of HRI
|
|
$42,495–$46,838
|
4.5% of HRI
|
|
$46,839–$49,3002
|
5% of HRI
|
|
$49,301–$52,994
|
5.5% of HRI
|
|
$52,995–$57,394
|
6% of HRI
|
|
$57,395–$60,414
|
6.5% of HRI
|
|
$60,415–$66,485
|
7% of HRI
|
|
$66,486–$70,846
|
7.5% of HRI
|
|
$70,847 and above
|
8%
|
*HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS). Existing HECS debts have been rolled over into HELP. The same rules for compulsory repayments under HECS, will apply for HELP debts. Commencing from that date the discount available for voluntary repayments of $500 or more has been reduced to 10%.
2005/2006 - Compulsory Repayments
|
HELP Repayment Income (HRI*)
|
Repayment Rate
|
|
Below $36,185
|
Nil
|
|
$36,185–$40,306
|
4% of HRI
|
|
$40,307–$44,427
|
4.5% of HRI
|
|
$44,428–$46,762
|
5% of HRI
|
|
$46,763–$50,266
|
5.5% of HRI
|
|
$50,267–$54,439
|
6% of HRI
|
|
$54,440–$57,304
|
6.5% of HRI
|
|
$57,305–$63,062
|
7% of HRI
|
|
$63,063–$67,199
|
7.5% of HRI
|
|
$67,200 and above
|
8%
|
*HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.
2004/2005 - Compulsory Repayments
|
HECS Repayment Income (HRI*)
|
Repayment Rate
|
|
Below $35,001
|
Nil
|
|
$35,001–$38,987
|
4% of HRI
|
|
$38,988–$42,972
|
4.5% of HRI
|
|
$42,973–$45,232
|
5% of HRI
|
|
$45,233–$48,621
|
5.5% of HRI
|
|
$48,622–$52,657
|
6% of HRI
|
|
$52,658–$55,429
|
6.5% of HRI
|
|
$55,430–$60,971
|
7% of HRI
|
|
$60,972–$64,999
|
7.5% of HRI
|
|
$65,000 and above
|
8%
|
*HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
|
| |
|
1988/1989 - 2003/2004 - Compulsory Repayments
|
|
|
2003/2004
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $25,348 |
Nil |
|
$25,348–$26,731 |
3% of HRI |
|
$26,732–$28,805 |
3.5% of HRI |
|
$28,806–$33,414 |
4% of HRI |
|
$33,415–$40,328 |
4.5% of HRI |
|
$40,329–$42,447 |
5% of HRI |
|
$42,448–$45,628 |
5.5% of HRI |
|
$45,629 and above |
6% of HRI |
*HRI= Taxable income plus any net rental property losses, total reportable fringe benefits amounts and exempt foreign employment income.
2002/2003
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $24,365 |
Nil |
|
$24,365–$25,694 |
3% of HRI |
|
$25,695–$27,688 |
3.5% of HRI |
|
$27,689–$32,118 |
4% of HRI |
|
$32,119–$38,763 |
4.5% of HRI |
|
$38,764–$40,801 |
5% of HRI |
|
$40,802–$43,858 |
5.5% of HRI |
|
$43,859 and above |
6% of HRI |
*HRI= Taxable income plus any net rental property losses, total reportable fringe benefits amounts and exempt foreign employment income.
2001/2002
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $23,242 |
Nil |
|
$23,242–$24,510 |
3% of HRI |
|
$24,511–$26,412 |
3.5% of HRI |
|
$26,413–$30,638 |
4% of HRI |
|
$30,639–$36,977 |
4.5% of HRI |
|
$36,978–$38,921 |
5% of HRI |
|
$38,922–$41,837 |
5.5% of HRI |
|
$41,838 and above |
6% of HRI |
*HRI= Taxable income plus any net rental property losses, total reportable fringe benefits amounts and exempt foreign employment income.
2000/2001
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $22,346 |
Nil |
|
$22,346–$23,565 |
3% of HRI |
|
$23,566–$25,393 |
3.5% of HRI |
|
$25,394–$29,456 |
4% of HRI |
|
$29,457–$35,551 |
4.5% of HRI |
|
$35,552–$37,420 |
5% of HRI |
|
$37,421–$40,223 |
5.5% of HRI |
|
$40,224 and above |
6% of HRI |
*HRI= Taxable income plus any net rental property losses, total reportable fringe benefits amounts and exempt foreign employment income.
1999/2000
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $21,984 |
Nil |
|
$21,984–$23,183 |
3% of HRI |
|
$23,184–$24,982 |
3.5% of HRI |
|
$24,983–$28,980 |
4% of HRI |
|
$28,981–$34,976 |
4.5% of HRI |
|
$34,977–$36,814 |
5% of HRI |
|
$36,815–$39,572 |
5.5% of HRI |
|
$39,573 and above |
6% of HRI |
*HRI= Taxable income plus any net rental property losses, total reportable fringe benefits amounts and exempt foreign employment income.
1998/1999
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $21,334 |
Nil |
|
$21,334–$22,498 |
3% of HRI |
|
$22,499–$24,244 |
3.5% of HRI |
|
$24,245–$28,123 |
4% of HRI |
|
$28,124–$33,942 |
4.5% of HRI |
|
$33,943–$35,726 |
5% of HRI |
|
$35,727–$38,402 |
5.5% of HRI |
|
$38,403 and above |
6% of HRI |
*HRI = Taxable income plus net rental property losses
1997/1998
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
Below $20,701 |
Nil |
|
$20,701–$21,830 |
3% of HRI |
|
$21,831–$23,524 |
3.5% of HRI |
|
$23,525–$27,288 |
4% of HRI |
|
$27,289–$32,934 |
4.5% of HRI |
|
$32,935–$34,665 |
5% of HRI |
|
$34,666–$37,262 |
5.5% of HRI |
|
$37,263 and above |
6% of HRI |
*HRI = Taxable income plus net rental property losses
1996/1997
|
HECS Repayment Income (HRI*) |
Repayment Rate |
|
$20,594–$28,494 |
2% Voluntary Threshold |
|
Below $28,495 |
Nil |
|
$28,495–$30,049 |
3% of HRI |
|
$30,050–$32,381 |
3.5% of HRI |
|
$32,382–$37,563 |
4% of HRI |
|
$37,564–$45,335 |
4.5% of HRI |
|
$45,336–$47,718 |
5% of HRI |
|
$47,719–$51,292 |
5.5% of HRI |
*HRI = Taxable income plus net rental property losses
1995/1996
|
Taxable Income (TI) |
Repayment Rate |
|
$20,000–$27,674 |
2% Voluntary Threshold |
|
Below $27,675 |
Nil |
|
$27,675–$31,449 |
3% of TI |
|
$31,450–$44,029 |
4% of TI |
|
$44,030 and above |
5% of TI |
1994/1995
|
Taxable Income (TI) |
Repayment Rate |
|
Below $26,853 |
Nil |
|
$26,853–$30,516 |
3% of TI |
|
$30,517–$42,722 |
4% of TI |
|
$42,723 and above |
5% of TI |
1993/1994
|
Taxable Income (TI) |
Repayment Rate |
|
Below $26,403 |
Nil |
|
$26,403–$30,004 |
3% of TI |
|
$30,005–$42,005 |
4% of TI |
|
$42,006 and above |
5% of TI |
1992/1993
|
Taxable Income (TI) |
Repayment Rate |
|
Below $27,748 |
Nil |
|
$27,748–$31,532 |
2% of TI |
|
$31,533–$44,146 |
3% of TI |
|
$44,147 and above |
4% of TI |
1991/1992
|
Taxable Income (TI) |
Repayment Rate |
|
Below $27,098 |
Nil |
|
$27,098–$30,793 |
2% of TI |
|
$30,794–$43,112 |
3% of TI |
|
$43,113 and above |
4% of TI |
1990/1991
|
Taxable Income (TI) |
Repayment Rate |
|
Below $25,469 |
Nil |
|
$25,469–$28,941 |
2% of TI |
|
$28,942–$40,519 |
3% of TI |
|
$40,520 and above |
4% of TI |
1989/1990
|
Taxable Income (TI) |
Repayment Rate |
|
Below $23,583 |
Nil |
|
$23,583–$26,798 |
1% of TI |
|
$26,799–$37,518 |
2% of TI |
|
$37,519 and above |
3% of TI |
1988/1989
|
Taxable Income (TI) |
Repayment Rate |
|
Below $22,000 |
Nil |
|
$22,000–$24,999 |
0.5% of TI |
|
$25,000–$34,999 |
1% of TI |
|
$35,000 and above |
1.5% of TI |
|
|
|
|
This page was last edited on 24 May 2021
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Fdbco.au - An Online Quick Reference Library for Tax Agents and Financial Planners
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