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  • HELP, SFSS and additional payments

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    If your payee has advised you they have a Higher Education Loan Program (HELP ) or Financial Supplement (FS) debt on their Tax file number declaration (NAT 3092) or Withholding declaration (NAT 3093), you must also withhold from the additional payment using the relevant HELP or SFSS tax tables.

    You calculate the amounts you need to withhold from additional payments for HELP and SFSS by using the same method you used to calculate the PAYG withholding amount from the additional payment.

    For example, if you calculate the amount to be withheld from the additional payment using Method A, use the same method to calculate the amounts to be withheld for HELP and SFSS purposes.

    How do you calculate withholding on the additional payment if it is calculated separately to the HELP and SFSS components?

    If you calculate withholding separately, you need to make sure that the withholding limit in Method A and Method B (ii) applies to the combined total calculated for the additional payment and the HELP and SFSS components. For example, at step 9 in Method A you must combine the amounts from the two separate calculations used for step 7 before comparing it to the amount calculated at step 8.

    Get it done

    You can use the following schedules that combine PAYG withholding with HELP and SFSS instead of repeating the calculation separately for each component:

    The results obtained when using the coefficients in the above schedules may differ slightly from the sums of the amounts shown in the PAYG tax tables. Either calculation is acceptable.

    Copies of all the tax tables are available on our website, refer to Tax tables.

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    Last modified: 29 Oct 2013QC 34732