I have just paid off my hecs debt and have a balance of zero. Will all contributions collected by my employer during 2022/23 financial year be refunded to me?
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Hi @Nimmonelson and @hidden_horcrux
After you lodge your tax return after June 30, we'll work out how much tax you need to pay and use the amounts your employer withheld. Since you don't need to make a compulsory repayment this means your liability will be less. Any leftover amounts will be refunded to you.
Congrats on paying off your loans!! :)
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Came here to ask the exact same question as I just processed my last payment 30 mins ago! YAY go us! I do hope someone replies (with good news haha)
Hi @Nimmonelson and @hidden_horcrux
After you lodge your tax return after June 30, we'll work out how much tax you need to pay and use the amounts your employer withheld. Since you don't need to make a compulsory repayment this means your liability will be less. Any leftover amounts will be refunded to you.
Congrats on paying off your loans!! :)
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