See your HECS-HELP compulsory repayment on a $240,000.00 income at 2026-27 thresholds.
Last verified: 21 May 2026On a $240,000.00 income, your HECS-HELP repayment is $24,000.00 per year ($923.08 per fortnight) at an effective 10.0% of income (2026-27 thresholds).
| Income | Annual Repayment | Rate |
|---|---|---|
| $225,000.00 | $22,500.00 | 10.0% |
| $230,000.00 | $23,000.00 | 10.0% |
| $235,000.00 | $23,500.00 | 10.0% |
| $240,000.00 ← You | $24,000.00 | 10.0% |
| $245,000.00 | $24,500.00 | 10.0% |
| $250,000.00 | $25,000.00 | 10.0% |
| $255,000.00 | $25,500.00 | 10.0% |
On a $240,000.00 repayment income, your compulsory HECS-HELP repayment is $24,000.00 per year ($923.08 per fortnight) — an effective 10.0% of income for 2026-27.
From 1 July 2025, HECS-HELP uses a marginal repayment system. The 2026-27 minimum threshold is $69,528 — below this, no compulsory repayment is required. From $69,529 to $129,717 you repay 15% of the income above $69,528. From $129,718 to $186,050 you repay $9,028 plus 17% of the income above $129,717. From $186,051 you repay 10% of your total repayment income.
Yes. Your employer withholds HECS-HELP repayments from each pay based on your income and the ATO withholding schedule. The amount is included in your tax withholding.
Yes. You can make voluntary repayments at any time through the ATO. However, the 5% bonus for voluntary repayments over $500 was discontinued from 1 January 2022.
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