• Finding the SFSS component

    Attention

    Warning:

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

    End of attention

    Input your employee’s fortnightly earnings into the SFSS component look-up toolThis link opens in a new window and use the appropriate column to find the SFSS component.

    Use column 2 if your employee is either:

    • claiming the tax-free threshold
    • a foreign resident.

    Use column 3 if your employee is not claiming the tax-free threshold.

    Example

    The employee has claimed the tax-free threshold and has fortnightly earnings of $2,375.33. Input $2,374.00 into the SFSS component look-up tool. The SFSS component in column 2 is $48.00.

    End of example

    Using a formula

    The withholding amounts shown in this table can be expressed in a mathematical form.

    If you have developed your own payroll software package, refer to Statement of formulas for calculating Higher Education Loan Program (HELP) and Student Financial Supplement Scheme (SFSS) components (NAT 3539)

    Last modified: 18 Feb 2015QC 39425