Study and training support loans weekly tax table

Use this table for payments made from 1 July 2020 to 30 June 2021.

Use the study and training support loans component look-up tool (XLSX 34KB)This link will download a file to quickly work out the weekly component.

Using this table

You should use this table if you make weekly 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
   
• weekly income of $896 or more, if they have claimed the tax-free threshold
• weekly income of $546 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:

• You can download the weekly withholding for study and training support loans component (PDF 771KB)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 Weekly tax table to calculate the weekly withholding amount for your employee’s earnings, allowing for any tax offsets claimed.
2. Use this study and training support loans weekly 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.