Some of you, may be aware of, or have, HELP, Higher Education Program Debt to fund your tertiary education studies.
When you have such assistance via this loan, the amount is annually indexed according to the inflation rate.
In 2023 The rate of indexation has been higher than recent years.
The rates are included for you in this link.
Due to this year’s high rate of indexation we have experienced many enquiries on how to voluntarily repay the HELP loan.
You can do this via your MyGov tax section and under the tax accounts there should be a HELP section to give you a BPAY code and reference to repay it.Book in for tax return