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  • HELP/SSL/TSL monthly tax table

    For payments made from 1 July 2018 to 30 June 2019

    Use the HELP/SSL/TSL component look-up tool (XLSX, 54KB)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:

    • given you a Tax file number declaration or Withholding declaration
    • answered yes to the question ‘Do you have a Higher Education Loan Program (HELP), Student Start-up Loan (SSL) or Trade Support Loan (TSL) debt?’
    • monthly income of $4,329.00 or more, if they have claimed the tax-free threshold
    • monthly income is $2,812.33 or more, if they have not claimed the tax-free threshold
    • 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.

    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: 29 Jun 2018QC 55450