Higher Education Loan Program (HELP)
HELP repayments are calculated on repayment income, which is taxable income plus any total net investment loss, reportable fringe benefits total, reportable super contributions (refer to page 91) and exempt foreign employment income.
Australians who are living overseas for six months or more will also be required to make HELP repayments, if their worldwide income exceeds the minimum payment threshold as it applies within Australia.
Rate of repayment (applied to repayment income) |
2018/19 Repayment income |
2019/20 Repayment income |
Nil | Less than $51,957 | Less than $45,881 |
1.0% | N/A | $45,881 – $52,973 |
2.0% | $51,957 – $57,729 | $52,974 – $56,151 |
2.5% |
N/A | $56,152 – $59,521 |
3.0% | $59,522 – $63,092 | |
3.5% | $63,093 – $66,877 | |
4.0% | $57,730 – $64,306 | $66,878 – $70,890 |
4.5% | $64,307 – $70,881 | $70,891 – $75,144 |
5.0% | $70,882 – $74,607 | $75,145 – $79,652 |
5.5% | $74,608 – $80,197 | $79,653 – $84,432 |
6.0% | $80,198 – $86,855 | $84,433 – $89,498 |
6.5% | $86,856 – $91,425 | $89,499 – $94,868 |
7.0% | $91,426 – $100,613 | $94,869 – $100,560 |
7.5% | $100,614 – $107,213 | $100,561 – $106,593 |
8.0% | $107,214 and above | $106,594 – $112,989 |
8.5% |
N/A | $112,990 – $119,769 |
9.0% | $119,770 – $126,955 | |
9.5% | $126,956 – $134,572 | |
10.0% | $134,573 and above |
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