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  • HELP/SSL/TSL monthly tax table

    For payments made from 1 July 2016 to 30 June 2017

    Use the HELP/SSL/TSL component look-up tool (XLS, 187KB)This link opens in a new window to quickly work out the monthly component.

    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 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 $4,571.67 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 $3,055.00 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.

    Next step:

    You can download the monthly withholding for HELP/SSL/TSL component (PDF, 506KB)This link will download a file, a printable look-up table.

    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: 15 Jun 2016QC 48740