Loading
Meimaymae(Initiate)Initiate
16 June 2026

Hi,


Does anyone know what happens in this situation?


  • Each monthly pay, I pay a certain amount for STSL loans (HECS).
  • I paid off my HECS debt in October 2025. I received the % return recently, as CR but this was showing CR /balance to receive for the overall outstanding HECS debt which I had paid 10/25.
  • Between July 2025-October 2025, my payslips / pay would have taken out the required repayment.

What happens to the money that was given to HECS during that pay? Do I owe money back now? does it come back as taxable income?


Thanks,

M

39 views
4 replies
39 views
4 replies

All replies

YellowPotato(Taxicorn)Taxicorn
17 June 2026

What happens to the money that was given to HECS during that pay?

  • The amounts that were taken are additional PAYG withholding. It would be tax credits in the tax return. For the July 2025-October 2025, it would be tax credits for 2026 tax return which would come out in July 2026
  • HECS account can only be paid via voluntary and compulsory repayments. The PAYG withholding wouldn't have been paid into your HECS account, you can check it by looking at the transactions in your HECS account

Do I owe money back now? does it come back as taxable income?

  • A credit in the ATO account is a refund for you; debit would be a payable to ATO
  • Money =/= Income
  • If you mean the 20% reduction, no it's not income

Liked by Meimaymae

Featured articles

20% reduction of HECS-HELP and other student debts

3 June 2026 · 3 min read time

Paying my HECS HELP student loan

13 May 2026 · 4 min read time

Linking the ATO to your myGov account

16 June 2026 · 2 min read time

Top liked users

  1. Bruce4Tax

    (Taxicorn)

    3135 likes

  2. Taxduck

    (Taxicorn)

    2212 likes

  3. PayrollDeanne

    (Taxicorn)

    891 likes

  4. YellowPotato

    (Taxicorn)

    592 likes

  5. knaresbro

    (Devotee)

    385 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    9734contributions

  2. Taxduck

    (Taxicorn)

    5009contributions

  3. PayrollDeanne

    (Taxicorn)

    2123contributions

  4. YellowPotato

    (Taxicorn)

    1473contributions

  5. YEP

    (Devotee)

    836contributions

Loading
Do I get a refund for overpaid Student STSL / HECS? | ATO Community