The Higher Education Loan Program income levels and repayment rates for the 2023 income year have been released and are as follows:
| HELP repayment income | Repayment rate (% of HELP repayment income) | ||||||||||||||||||||||||||||||||||||||
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For more information on HELP debt loan repayments, visit the Australian
Government's Study Assist website.
Editor: It is possible for some employees, earning more than $180,000 and who also have a HELP debt, to have a marginal rate of PAYG
withholding of 57%, taking into account the highest marginal rate plus Medicare levy of 47%, plus an additional 10% HELP repayment.