Hello [Removed by moderator] Wrote@Aysha07,
In Australia, HECS-HELP debt is typically repaid through the tax system, with repayments being automatically deducted from your salary by your employer if your income is above the minimum repayment threshold.
If your employer has already deducted more than what you owe ($3,108 vs. $3,458), it is likely that the excess amount will be adjusted when you file your tax return
You can request your employer to stop making further HECS-HELP deductions if your debt is already covered
To ensure accuracy and get specific advice tailored to your situation, you might want to contact the Australian Taxation Office (ATO) directly.
At the end of the financial year, when you lodge your tax return, the ATO will calculate the actual amount required to repay your HECS-HELP debt based on your income.
To sum up, you should Check the exact balance of your HECS-HELP debt with the ATO.
If you confirm that your employer has over-deducted, submit a Withholding declaration form to your employer to stop further deductions.
File your tax return and wait for the ATO to process any refunds for overpayments.
59 views
0 replies