How do I find out my FEE HELP balance?

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 · Accepted Answer

RileyATO · Answer

Thanks , that makes things clearer. So we've got: - 6 July 2022 - Compulsory repayment credit $4,632.92 - Remaining balance $5,233.17 - 1 June 2023 7.1% Indexation $371.54 - $5233.17 + $371.54 = remaining balance $5,604.71 - 2023 compulsory repayment credit $5,604.71. - Final balance $0.00. If I averaged to pay $150 per week for a year to service my HELP debt, it's likely I paid over $7500, according to my payslips. As I received shift loading, it may be closer to $8500. No, the amount your employer withholds isn't equal to what your compulsory repayment is. Your compulsory repayment is a percentage of your income. Your 2023 compulsory repayment was $5,604.71. Anything above that would've been first used to pay any remaining liabilities you have (tax, Medicare, any debts with other government agencies, etc.) before being refunded to you. That said, I'd like to know how much has been withheld. There's no way I can find out, as far as I can tell. You can view how much tax has been withheld in total on your notice of assessment - the extra amounts withheld for HECS are not separate. We don't keep a separate record of these because it's treated exactly the same as all the other tax withheld from your pay. If your employer has shown them separately on your payslips, that's up to them and how they do their payroll.

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