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HECS / HELP discounts continue

Posted on 21 January 2014

Legislation designed to remove the HECS / HELP up front and voluntary repayment discounts from 1st January 2014 has not been passed by the Senate.  As a result, the discount will continue for the time being.

Medical Financial believe the continuation of a 5% discount on voluntary HECS / HELP repayments of $500 or more is good news for doctors looking to repay HECS / HELP liabilities early. 

http://www.ato.gov.au/Tax-professionals/News-and-updates/Practical-tips/Changes-to-the-HELP-voluntary-repayment-bonus/

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