The amount reflected in MyGov is not accurate as it doesn't take into account my contributions this year. I have tried calling the ATO but I can't get through to speak with someone. Thanks!
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Unfortunately, this is a common misconception.
The employer contributions on your payslips are simply extra tax withheld, they do not go directly toward your HECS debt.
To beat indexation, you would need to make a voluntary payment of the entire balance.
When you lodge your tax return, any excess tax withheld will be refunded.
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Unfortunately, this is a common misconception.
The employer contributions on your payslips are simply extra tax withheld, they do not go directly toward your HECS debt.
To beat indexation, you would need to make a voluntary payment of the entire balance.
When you lodge your tax return, any excess tax withheld will be refunded.
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