Uni Stuff > General University Discussion and Queries

Paying HECS upfront

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excal:
I would contact your super fund.

brendan:
my textbook has the answer:
http://home.exetel.com.au/brendan/HECS.jpg

see also ross gittin's column:
http://www.smh.com.au/articles/2004/03/12/1078594564502.html

div123:
wen u pay off ure hecs is it before or after income?

if its before income (i.e works as a deduction) then u get a discount as to whatever rate of tax u pay?

excal:
It's taken out as additional PAYG witholding (ie, you pay more tax as yo'ure on a different tax scale).

So my take on it would be that it is paid off pre-tax. That said, you don't get a discount to your rate of tax (you are on a different tax scale and are liable for more tax, not less).

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