HELP/HECS Debt - Early Repayment

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle - checklist of eTax and Assessable Income and deductions and checklist of eTax and Allowable Deductions.

Planning on making a voluntary HELP repayment?

If you have a HELP debt and plan to make a voluntary repayment, you can make repayments to the Tax Office at any time and for any amount. You may receive a bonus of 10% of the payment amount for repayments that:
  • are $500 or more, or
  • clear your debt.
You may also benefit if you make a voluntary repayment before indexation is applied on 1 June 2008. It is important to allow enough time for the payment to be processed and credited to your account before 1 June. The indexation rate for 2008 is 2.8%
If, after making a voluntary repayment, you still have an accumulated HELP debt and your HELP repayment income is above the minimum repayment threshold, you may still have to make a compulsory repayment.

For help with your eTax return see our eTax Return Checklist.

Web Based Tax Return App:

The ATO's E-tax 2014 download requires installation of government software. offers a fast & easy online service and no software downloads, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your 2014 tax refund estimate and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started! 

Copyright 2014. My Tax Zone.