Student Financial Supplement Scheme (SFSS) fortnightly tax table

For payments made from 1 July 2016 to 30 June 2017

Use the SFSS component look-up tool (XLS, 180KB)This link opens in a new window to quickly work out the SFSS component.

Using this table

You should use this table if you make fortnightly payments and your employee has done the following:

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

  • fortnightly income of $2,110 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 $1,410 or more.

You must withhold the SFSS component from all of your employee’s earnings, including taxable allowances, bonuses and commissions.

Do not withhold any amount for SFSS from lump sum termination payments.

Next step:

You can download the fortnightly withholding for SFSS 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 Fortnightly tax table to calculate the fortnightly withholding amount for your employee’s earnings, allowing for any tax offsets claimed.
  2. Use this SFSS fortnightly tax table to calculate the SFSS component to withhold.
  3. Add the SFSS component to the withholding amount.
  4. Withhold the result from your employee’s earnings.
  5. If your employee also has a Higher Education Loan Program (HELP), Student Start-up Loan (SSL) or Trade Support Loan (TSL) debt, add the HELP/SSL/TSL component (calculated using the HELP/SSL/TSL fortnightly tax table), as well as the SFSS component, to the amount to withhold.
  6. Withhold the result from your employee’s earnings.
Last modified: 15 Jun 2016QC 48742