ATO Tax Tables that include HECS/HELP

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RobCain
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ATO Tax Tables that include HECS/HELP

Hi

 

Can anyone please advise which tax table to select that includesHECS/HELP to deduct extra tax if applicable to an employee. Does "Tax Free Threshold + STSL" this table cover it?

Thanks

Rob

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RobCain
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ATO tax code that includes HECS/HELP

Hi

Can someone please advise which of the tax table in AccountRight would include HECS/HELP? Does "Tax Free Threshold + STSL" include HECS/HELP and therefore deduct extra tax automatically?

 

Thank you.

 

Rob

Steven_M
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Re: ATO Tax Tables that include HECS/HELP

Hi @RobCain 

 

HECS/HELP was the older name that style of tax table. They are now referred to as Study and training support loans or STSL for short.

 

So based on the tax table you have provided i.e. Tax Free Threshold + STSL, this would be the Tax Free Threshold + Study and Training Support Loans tax table.

Kind regards,
Steven

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RobCain
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Re: ATO Tax Tables that include HECS/HELP

Thanks so much Steven. Much appreciated.

Rob

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