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HECS Debt repayments

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Newbie

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Replies 1

Hi,

When my employer makes compulsory repayments for my hecs debt, should this come up on the statements you receive via your ATO account that payments are being made? Because mine only comes up with the fees and indexation.

Thanks!
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Most helpful response

Devotee

Replies 0

No. The amounts your employer withhold will only show on your statement after your tax return is lodged and your compulsory repayment amount is calculated based on your taxable income.

1 REPLY 1

Most helpful response

Devotee

Replies 0

No. The amounts your employer withhold will only show on your statement after your tax return is lodged and your compulsory repayment amount is calculated based on your taxable income.