HECS HELP REPAYMENTS 

HECS HELP REPAYMENTS

Author: Duncan Warnock CPA | September, 2015 


What the HECS?

'What HECS HELP Repayments do I have to make based on my income?'  As an individual tax return specialist here in Geelong this is a common question that we often hear from customers. The income threshold and the percentage of your income you need to repay usually changes each year. A wage earners expected tax refund can quickly evaporate if enough tax has not been withheld from your wage during the year because the required HECS HELP repayment has not been correctly calculated.

For the current tax year ending June 2016 no HECS HELP repayments are required if your 'repayment income'* is below $54,126. This threshold has increased from $53,345 for the 2015 tax year.

For further information or assistance contact Duncan Warnock CPA at Warnock Accounting today. 

Contact us via phone 0402 210 614 or alternately email duncan@warnockaccounting.com.au. Warnock Accounting looks after clients from all over Geelong, the Bellarine and the Surf Coast. 

Alternately submit your contact details via our website contact us form via this website. 

 

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