Student Financial Supplement Scheme weekly tax table



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

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Use the new SFSS component look-up tool to quickly work out the SFSS 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 weekly 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 Financial Supplement (FS) debt?’.

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

If your employee has not claimed the tax-free threshold, use this table if their weekly income is $675 or more.

You must withhold the Student Financial Supplement Scheme (SFSS) component from all your employee’s earnings, including taxable allowances, bonuses and commissions.


Do not withhold any amount for SFSS 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 Weekly tax table (NAT 1005) to calculate the weekly withholding amount for your employee’s earnings, allowing for any tax offsets claimed.
  2. Use this SFSS weekly tax table to calculate the SFSS component to withhold.
  3. Add the SFSS component to the withholding amount. Withhold the result from your employee’s earnings.
  4. If your employee also has a Higher Education Loan Program (HELP) debt, add the HELP component (calculated using the HELP tax tables) as well as the SFSS component to the amount to withhold. Withhold the result from your employee’s earnings.
Last modified: 18 Feb 2015QC 39424