Hello, I understand that the amount of compulsory HECS repayments depends on my taxable income. Per ATO website, in FY22 where your taxable income is above $150k, the HECS compulsory repayment rate is 10%. However, when preparing my tax return via mytax, the tax estimator showed that I am liable to a compulsory HECS repayment of 50%. Why has this occurred and is there a way to reduce /amend the compulsory HECS repayment amount?
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2 replies
619 views
2 replies