Will my payroll department automatically adjust my HELP repayments once I start salary packaging?
Salary Packaging with a HECS-HELP debt
No. You must advise your payroll department of the HELP debt repayments you need to make. While each employer is different, in most cases your payroll department will be able to help you manage the process and changing your HELP repayments is quite simple to do. Once you have completed the relevant paperwork, any additional HELP amounts should be deducted from your pay.
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.