Hi, my employer withholds an amount from my pay every fortnight to cover compulsory student loan repayments. I can see my HECS balance from last year (after the last compulsory repayment was made) and have calculated that the amount withheld since then is enough to cover the outstanding balance.
Do I need to wait until tax time this year for the next compulsory repayment before I request that my employer stops withholding tax to cover loan repayments, or can I request that they stop now, knowing that the amount withheld in this financial year will be enough to close out the loan at tax time?
The other answers I read relating to this only seemed to indicate that you can request the employer stops withholding once the balance has been paid.
Thanks!
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