HECS Repayment Estimator 2025
About HECS Repayments:
In Australia, you must make compulsory HECS-HELP loan repayments when your annual repayment income exceeds the set threshold. The repayment rate increases with your income and is calculated as a percentage of your repayment income. Repayment income includes your taxable income, reportable fringe benefits, and reportable super contributions.
In Australia, you must make compulsory HECS-HELP loan repayments when your annual repayment income exceeds the set threshold. The repayment rate increases with your income and is calculated as a percentage of your repayment income. Repayment income includes your taxable income, reportable fringe benefits, and reportable super contributions.
Based on 2024-2025 ATO HECS-HELP repayment rates.
How to Use the HECS Calculator for Accurate Repayment Estimates
Step One: Enter your total annual repayment income. This should include your taxable income, any reportable fringe benefits, and reportable superannuation contributions. If you are unsure, refer to your ATO statement or payroll summary.
Step Two: Input your current HECS-HELP debt balance. This can be found on your ATO online account or your annual loan statement.
Step Three: Click the “Estimate Repayment” button. The calculator will instantly display your estimated compulsory repayment for the 2025 financial year, based on the official ATO thresholds and rates.
Step Four: Review the result. The amount shown is the compulsory repayment that will be deducted from your income and applied to your HECS-HELP debt for the year. If your outstanding debt is less than the calculated repayment, only the remaining debt will be paid.
Step Five: Read the explanation provided with your result. This will show the calculation formula, your applicable repayment rate, and clarify how the final figure was determined. Use this information to plan your finances or discuss your repayment with your tax advisor.