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_Amy6(I'm new)I'm new
15 July 2021

Hi,I completed my tax return but it said I was getting a larger refund that expected. I currently have a HECS Help Debt as I started Uni in January.

Does the tool I use to lodge my return take into account my HECS Debt? Or would I take the HECS Loan amount from the projected return amount?ThanksAmy

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VeLo(Master)Master
15 July 2021

Hi @Amy6

If your HELP balance was zero prior to commencing study in January 2021, then you will not be charged a compulsory repayment on your tax return lodged in July 2021.

Your HELP loan from the 2021 calendar year will become collectible on any tax return you lodge or amend after the 1st of June 2022.

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Most helpful reply

VeLo(Master)Master
15 July 2021

Hi @Amy6

If your HELP balance was zero prior to commencing study in January 2021, then you will not be charged a compulsory repayment on your tax return lodged in July 2021.

Your HELP loan from the 2021 calendar year will become collectible on any tax return you lodge or amend after the 1st of June 2022.

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