Can I salary package additional HECS-HELP debt repayments?
Salary Packaging with a HECS-HELP debt
Yes you can. Additional HELP repayments can be salary packaged if you wish to pay your HECS-HELP debt off sooner.
Example:
Barry has a debt of $4,500 and makes a $1,500 voluntary repayment, reducing his total debt to $3,000.
Use our HECS-HELP calculator for salary packaging.
Contact us on 1300 123 123 to see how salary packaging could help you pay your HECS-HELP debt off sooner and increase your disposable income.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.