• HELP/SSL/TSL monthly tax table

    For payments made from 1 July 2017 to 30 June 2018

    Use the HELP/SSL/TSL component look-up tool (XLSX, 56KB)This link will download a file to quickly work out the monthly component.

    Using this table

    You should use this table if you make monthly payments and your employee has done the following:

    If your employee has claimed the tax-free threshold, use this table if they have:

    • monthly income of $4,654.00 or more
    • not completed a Medicare levy variation declaration claiming a reduction or exemption in the Medicare levy for having a spouse or dependants and low family income.

    If your employee has not claimed the tax-free threshold, use this table if their monthly income is $3,137.33 or more.

    You must withhold the HELP/SSL/TSL component from all of your employee’s earnings, including taxable allowances, bonuses and commissions.

    Do not withhold any amount for HELP/SSL/TSL from lump sum termination payments.

    See also:

    Working out the withholding amount

    To work out the amount you need to withhold:

    1. Use the Monthly tax table to calculate the monthly withholding amount for your employee’s earnings, allowing for any tax offsets claimed.
    2. Use this HELP/SSL/TSL monthly tax table to calculate the HELP/SSL/TSL component to withhold.
    3. Add the HELP/SSL/TSL component to the withholding amount.
    4. Withhold this amount from your employee’s earnings.
    5. If your employee also has a Financial Supplement debt, add the Student Financial Supplement Scheme (SFSS) component (calculated using the SFSS monthly tax table), as well as the HELP/SSL/TSL component, to the amount to withhold.
    6. Withhold the result from your employee’s earnings.
    Last modified: 14 Jun 2017QC 52092