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  • Study and training support loans fortnightly tax table

    Use this table for payments made from 1 July 2019 to 30 June 2020.

    Use the study and training support loans component look-up tool (XLSX 55KB)This link will download a file to quickly work out the fortnightly component.

    Using this table

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

    • given you a Tax file number declaration or Withholding declaration
    • answered yes to the question on whether they have a
      • Higher Education Loan Program (HELP) debt
      • VET Student Loan (VSL) debt
      • Financial Supplement (FS) debt
      • Student Start-up Loan (SSL) debt (includes ABSTUDY SSL debts)
      • Trade Support Loan (TSL) debt
       
    • fortnightly income of $1,764 or more, if they have claimed the tax-free threshold
    • fortnightly income of $1,064 or more, if they have not claimed the tax-free threshold
    • 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.

    You must withhold the study and training support loans component from all of your employee's earnings, including taxable allowances, bonuses and commissions.

    Do not withhold any amount for study and training support loans from lump sum termination payments.

    See also:

    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 study and training support loans fortnightly tax table to calculate the study and training support loans component to withhold.
    3. Add the study and training support loans component to the withholding amount.
    4. Withhold this amount from your employee's earnings.
    Last modified: 14 Jun 2019QC 59033