Who can package HECS/HELP debt?
If you work for a public health, charitable or not-for-profit organisation and have a HECS/HELP debt, salary packaging could benefit you in three ways:
- your HECS/HELP debt could be paid off with money that would otherwise be paid to the Australian Taxation Office (ATO) as tax
- you could pay off your HECS/HELP debt faster
- plus, you could enjoy extra disposable income every year
Already salary packaging with a HECS/HELP debt?
To find out more on how to adjust your HECS/HELP repayments please contact your payroll department or try using our HECS/HELP calculator.
You can also check out our FAQs page.
Things you need to know: The above information is not intended to constitute taxation or financial product advice. Your benefits and savings will vary depending on your personal objectives, financial situation and needs. We recommend you obtain independent financial or taxation advice before making any financial decisions.
Eligibility criteria and terms and conditions apply. All salary packaging proposals are subject to the requirements of your employer. Administration fees will apply. The actual administration fee that applies to you may vary depending on your employer. ITCs (Input Tax Credits or refund on GST) are excluded. RemServ may pay and receive commission or rebates in connection with some services and products it provides or arranges to be provided by third parties.