Australian tax · FY2022-23
HECS / HELP repayment calculator
For 1 July 2022 to 30 June 2023 compulsory repayments start at $48,361, and the rate for your band applies to your whole repayment income — not just the part above the threshold. That changed from FY2025-26.
FY2022-23Other years
Calculator
This is an estimate, not advice. It applies the published rate to what you enter; whether the method suits your circumstances, and whether your records support the figures, is a question for your tax agent.
Repayment income is not taxable income
This is the single most common reason a repayment comes in higher than expected. Repayment income is your taxable income plus:
- Reportable fringe benefits
- Total net investment loss — including a negatively geared rental
- Reportable super contributions — salary sacrificed to super and personal contributions you claimed a deduction for
- Exempt foreign employment income
Taxable income here leaves out an assessable First Home Super Saver (FHSS) released amount: money released to you under that scheme is taxed, and is not counted toward a repayment.
A negatively geared rental does not reduce it. The loss comes off your taxable income and is then added straight back for this calculation, which is exactly the case where a return and a repayment notice look like they disagree.
What comes out of each pay
The rows above divide the year's compulsory repayment by 26 fortnights or 12 months. That is a useful number to budget against, and it is not what your payslip will show.
The compulsory repayment is assessed once, on your return, against your whole year's repayment income. What an employer withholds each pay is a separate estimate, worked out from that pay alone as though you earned it all year — so overtime in one fortnight, a bonus, a pay rise mid-year or a second job each push the two figures apart. The difference lands in your assessment, either as a larger bill or as a refund.
Two cases where they are reliably different. Someone who started work part-way through the year has tax withheld as though every fortnight's rate ran the whole year, and their actual repayment income is a fraction of that. And someone with two jobs has each employer withholding against its own pay, neither of them seeing the total the repayment is assessed on.
If you are checking a payslip against this page and they disagree, they are supposed to. The number that settles it is the assessment.
Salary packaging does not reduce this
It is the question that arrives every year from anyone packaging through a hospital, a charity or a public benevolent institution, and the answer is the one nobody wants: packaging lowers your taxable income and leaves your repayment income where it was.
It follows from the list above. A packaged benefit is a reportable fringe benefit, and salary sacrificed to super is a reportable employer super contribution — both come off taxable income and both are added straight back to reach repayment income. The packaging worked, on the tax. It did nothing here.
The surprise is usually the size of it: a packaged amount is grossed up before it is reported, so the figure added back is larger than the benefit received. That is the mechanism behind a repayment notice that looks impossible next to a payslip, and it is worth checking the reportable amount on the payment summary rather than the packaged one before assuming an error.
This page takes repayment income, not salary. If you are working from a payslip, add the reportable amounts back before you type a figure in.
How this year's system works
The rate for your band applies to your whole repayment income, so a dollar over a band boundary re-rates everything below it too. FY2025-26 replaced this with a marginal system — see that year's page for the comparison.
Worked example
On a repayment income of $90,000 in FY2022-23, the compulsory repayment is $5,400 — 6.00% of the whole. Every dollar of it is in the base, including the first $48,361.
Preparing returns, not just your own?
BeforeMay builds the workpaper behind the return — and computes this repayment from the same function this page just used, on a repayment income assembled from the client's own documents rather than typed in.
Start a case freeWhere does client data go?
A$99 free to start. No card.
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