Input your employee's fortnightly earnings (ignoring any cents) in column 1 into the study and training support loans component look-up tool (XLSX 34KB)This link will download a file and use the appropriate column to find the study and training support loans component.
Use column 2 if your employee is either:
- claiming the tax-free threshold
- a foreign resident.
Use column 3 if your employee is not claiming the tax-free threshold.
Example:
The employee has claimed the tax-free threshold and has fortnightly earnings of $2,774.00. Ignoring cents, input $2,774 into the study and training support loans component look-up tool (XLSX 34KB)This link will download a file. The study and training support loans fortnightly component in column 2 is $124.
End of exampleUsing a formula
The withholding amounts shown in this table can be expressed in a mathematical form. If you have developed your own payroll software package use Statement of formulas for calculating study and training support loans components.