If I pay off some of my HECS debt prior to June 1st, will this count towards my compulsory repayment at the end of the financial year or will I be required to make a full payment again based on my income?
336 views
336 views1 replies
1 replies
336 views
1 replies
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Hi @ssommer0,
If you've got a $0 balance on your account when you lodge your tax return, we won't ask you to pay more.
By having a $0 balance by 1 June means indexation won't apply.
If you make a voluntary payment and you still have amounts owing then you'll still need to make a compulsory repayment based on your income.
Keep in mind if you've had too much tax withheld during the financial year to cover your pay as you go withholding obligations and compulsory HELP repayments, you'll get the excess back as a refund.
All replies
Hi @ssommer0,
If you've got a $0 balance on your account when you lodge your tax return, we won't ask you to pay more.
By having a $0 balance by 1 June means indexation won't apply.
If you make a voluntary payment and you still have amounts owing then you'll still need to make a compulsory repayment based on your income.
Keep in mind if you've had too much tax withheld during the financial year to cover your pay as you go withholding obligations and compulsory HELP repayments, you'll get the excess back as a refund.
Featured articles
6 Feb 2026 · 3 min read time
13 May 2026 · 4 min read time
24 Aug 2025 · 3 min read time