Show download pdf controls
  • Higher Education Loan Program (HELP)/Trade Support Loan (TSL) fortnightly tax table

    Attention

    For payments made from 1 July 2015 to 30 June 2016

    End of attention

    Use the HELP/TSL component look-up tool to quickly work out the fortnightly componentThis link opens in a new window.

    End of work it out

    Using this table

    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

    You should use this table if you make fortnightly payments and your employee has given you a Tax file number declaration or Withholding declaration and they answered yes to the question ‘Do you have a Higher Education Loan Program (HELP) or Trade Support Loan (TSL) debt?’.

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

    • fortnightly income of $2,080 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 fortnightly income is $1,380 or more.

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

    Attention

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

    End of attention

    Get it done

    You can download a printable look-up table of fortnightly withholding for HELP/TSL component (516KB) in Portable Document Format (PDF).

    End of get it done

    Working out the withholding amount

    To work out the amount you need to withhold, you must:

    1. Use the Fortnightly tax table to calculate the fortnightly withholding amount for your employee's earnings, allowing for any tax offsets claimed.
    2. Use this HELP/TSL fortnightly tax table to calculate the HELP/TSL component to withhold.
    3. Add the HELP/TSL component to the withholding amount. Withhold this amount from your employee's earnings.
    4. If your employee also has a Financial Supplement debt, add the Student Financial Supplement Scheme (SFSS) component (calculated using the SFSS fortnightly tax table) as well as the HELP/TSL component to the amount to withhold. Withhold the result from your employee's earnings.
    Last modified: 15 Jun 2016QC 44258