HECS / HELP Repayment Calculator
Find out how much of your salary goes to your HELP/HECS debt this year. Tick "I have a HELP/HECS/VET/SSL/TSL loan" in the calculator above and AgoTax adds the repayment line to your tax breakdown. FY 2024-25 uses the step-rate scheme — repayment income falls into a bracket and the entire repayment income is multiplied by that bracket's rate, ranging from 1% (above $54,435) to 10% (above $156,517). FY 2025-26 introduces a marginal-style scheme similar to income tax, so each slice of income above the threshold is hit at its own rate.
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Frequently asked
What counts as repayment income?
Taxable income, plus reportable fringe benefits, voluntary super contributions, and net investment loss. AgoTax currently uses taxable income as a proxy; the other items are on the roadmap.
Is HELP repayment tax-deductible?
No. It's a compulsory loan repayment, not a tax. Your employer withholds it through PAYG when your repayment income crosses the threshold.
What's the difference between HECS and HELP?
HECS-HELP is the modern name for the same scheme. HECS was the historic acronym (Higher Education Contribution Scheme) and you'll still see it on payslips.