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  • Higher Education Loan Program monthly tax table



    For payments made on or after 1 July 2014 to 30 June 2015

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

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    Using this table



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

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    You should use this table if you make monthly payments and your employee has given you a Tax file number declaration (NAT 3092) or Withholding declaration (NAT 3093) and they answered yes to the question ‘Do you have an accumulated Higher Education Loan Program (HELP) debt?’.

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

    • monthly income of $4,441.67 or more
    • not applied for an exemption or reduction of the Medicare levy due to low family income on a Medicare levy variation declaration (NAT 0929).

    If your employee has not claimed the tax-free threshold, use this table if their monthly income is $2,925.00 or more.

    You must withhold the higher Education Loan Program (HELP) component from all your employee’s earnings, including taxable allowances, bonuses and commissions.


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

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    Working out the withholding amount

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

    1. Use the Monthly tax table (NAT 1007) to calculate the monthly withholding amount for your employee’s earnings, allowing for any tax offsets claimed.
    2. Use this HELP monthly withholding table to calculate the HELP component to withhold.
    3. Add the HELP 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 Student Financial Supplement Scheme monthly tax table [NAT 3308]) as well as the HELP component to the amount to withhold. Withhold the result from your employee’s earnings.
    Last modified: 18 Feb 2015QC 39421