Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Can I put my HECS repayments on hold as my husband has lost his job due to COVID 19 and I still earn over the partner threshold for him to claim New Seekers allowance. With my current income, we only just make rent and health insurance payments. Without my husband's contributions we cannot afford groceries, petrol etc.
@macfanboy is completely right. You can ask your employer to fill out a tfn withholding variation to stop your hecs being withheld and you will pretty much immediately stop having the extra amount taken out of your pay. However, when you lodge in July you may end up with a bill. You can probably enter into a payment plan for that though.
Have you considered accessing your super if you are in financial trouble? There is a new measure allowing people impacted at this awful time to get up to $10,000 of your super. There is info on here about it