* Fields highlighted in red are mandatory.
Loan Repayment
$0
Based on your current taxable income $0, Net Investment Loss $0, Reportable Fringe Benefit $0, Reportable Super Contribution $0, Exempt Foreign Employment Income $0 your estimated Loan Repayment $0.
The HECS-HELP Repayment Calculator is a tool designed to help you estimate your loan repayment based on various financial factors. Follow the steps below to utilize the calculator effectively:
-
Taxable Income — Enter your total taxable income, which includes income from wages, salaries, or any other sources subject to taxation.
-
Net Investment Loss — Input any net investment losses you may have incurred. This refers to losses from investments after accounting for gains and associated costs.
-
Reportable Fringe Benefit — If applicable, enter any reportable fringe benefits received, such as non-cash benefits provided by your employer.
-
Reportable Super Contribution — Include any reportable super contributions made throughout the tax year.
-
Exempt Foreign Employment Income — If you have any exempt foreign employment income, enter the total amount here.
Click on the "Calculate" button to estimate your loan repayment based on the provided financial information.
| Repayment income (RI) | Repayment rate |
|---|---|
| Below $51,550 | Nil |
| $51,550 - $59,518 | 1.00% |
| $59,519 - $63,089 | 2.00% |
| $63,090 - $66,875 | 2.50% |
| $66,876 - $70,888 | 3.00% |
| $70,889 - $75,140 | 3.50% |
| $75,141 - $79,649 | 4.00% |
| $79,650 - $84,429 | 4.50% |
| $84,430 - $89,494 | 5.00% |
| $89,495 - $94,865 | 5.50% |
| $94,866 - $100,557 | 6.00% |
| $100,558 - $106,590 | 6.50% |
| $106,591 - $112,985 | 7.00% |
| $112,986 - $119,764 | 7.50% |
| $119,765 - $126,950 | 8.00% |
| $126,951 - $134,568 | 8.50% |
| $134,569 - $142,642 | 9.00% |
| $142,643 - $151,200 | 9.50% |
| $151,201 and above | 10% |
This tool is designed to assist in calculating your total taxable income after factoring in various sources of income and deductible expenses. However, it should not be considered a comprehensive assessment of your total income tax obligations. The calculator is tailored exclusively for Australian resident taxpayers. If you have complex financial situations or are uncertain about certain aspects of your taxes, it is recommended to consult with a qualified tax professional or accountant for personalized advice and verification of your calculations. Should you require further assistance, please consider reaching out to Investax for a professional assessment of your calculation.
