How HELP Debt Repayments Are Calculated
If you have an active HELP debt, your annual repayment is calculated based on your repayment income and how much of the debt you owe.
Note: repayment income (RI) is taxable income plus any:
total net investment loss (which includes net rental losses)
reportable super contributions
We follow the Australian Government HELP repayment thresholds, which apply a percentage rate to your income depending on how much you earn. These rates increase as your income rises.
Income (from) | Repayment Rate |
$0 | 0% |
$54,435 | 1% |
$62,851 | 2% |
$66,621 | 2.5% |
$70,619 | 3% |
$74,856 | 3.5% |
$79,347 | 4% |
$84,108 | 4.5% |
$89,155 | 5% |
$94,504 | 5.5% |
$100,175 | 6% |
$106,186 | 6.5% |
$112,557 | 7% |
$119,310 | 7.5% |
$126,468 | 8% |
$134,057 | 8.5% |
$142,101 | 9% |
$150,627 | 9.5% |
$159,664+ | 10% |
Key Points:
Only active HELP debts are considered for repayment.
You only repay up to the amount you owe - repayments won't exceed your current balance.
We apply indexation annual based on the Inflation Rate in the plan
NOTE:
The Australian government has announced hat from 1 July 2025 a new minimum repayment system using marginal rates will be introduced. As at 11 July 2025 this is still subject to legislation.