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#Everyoneneedsaplan HECS/HELP Minimum Repayment Threshold
Posted by Dean McKinnon
on 31 August 2019
HECS/HELP Minimum Repayment Threshold Increased
I have just read in a recent article from the ATO Small Business Newsroom newsletter received Wednesday 28 August 2019 that the Minimum Repayment Threshold for HECS/HELP loans is increasing from 1 July 2019.
The new Minimum Repayment Threshold is $45,881.
Employers may need to increase the PAYG tax withholding for any employees that have HECS/HELP loans to ensure they meet the new minimum repayment threshold requirements.Author:Dean McKinnon
| Tags:Tax |
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