HECS repayment rates
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Created by: Christopher Le
Modified on: Fri, 7 Aug, 2020 at 11:00 AM
The amount you repay each year is a percentage of your income. The percentage increases as your income increases, so the more you earn, the higher your repayment will be. The ATO will calculate your compulsory repayment for the year and include it on your income tax notice of assessment
2021
| 2020-2021 Repayment threshold | Repayment % rate |
| Below $46,620 | Nil |
| $46,620 - $53,826 | 1.00% |
| $53,827 - $57,055 | 2.00% |
| $57,056 - $60,479 | 2.50% |
| $60,480 - $64,108 | 3.00% |
| $64,109 - $67,954 | 3.50% |
| $67,955 - $72,031 | 4.00% |
| $72,032 - $76,354 | 4.50% |
| $76,355 - $80,935 | 5.00% |
| $80,936 - $85,792 | 5.50% |
| $85,793 - $90,939 | 6.00% |
| $90,940 - $96,396 | 6.50% |
| $96,397 - $102,179 | 7.00% |
| $102,180 - $108,309 | 7.50% |
| $108,310 - $114,707 | 8.00% |
| $114,708 - $121,698 | 8.50% |
| $121,699 - $128,999 | 9.00% |
| $129,000 - $136,739 | 9.50% |
| $136,740 and above | 10.00% |
2020
| 2019-2020 Repayment threshold | Repayment % rate |
| Below $45,881 | Nil |
| $45,881 - $52,973 | 1.00% |
| $52,974 - $56,151 | 2.00% |
| $56,152 - $59,521 | 2.50% |
| $59,522 - $63,092 | 3.00% |
| $63,093 - $66,877 | 3.50% |
| $66,878 - $70,890 | 4.00% |
| $70,891 - $75,144 | 4.50% |
| $75,145 - $79,652 | 5.00% |
| $79,653 - $84,432 | 5.50% |
| $84,433 - $89,498 | 6.00% |
| $89,499 - $94,868 | 6.50% |
| $94,869 - $100,560 | 7.00% |
| $100,561 - $106,593 | 7.50% |
| $106,594 - $112,989 | 8.00% |
| $112,990 - $119,769 | 8.50% |
| $119,770 - $126,955 | 9.00% |
| $126,956 - $134,572 | 9.50% |
| $134,573 and above | 10.00% |
2019
| 2019 Repayment threshold | Repayment rate |
| Below $51,957 | Nil |
| $51,957 – $57,729 | 2.00% |
| $57,730 – $64,306 | 4.00% |
| $64,307 – $70,881 | 4.50% |
| $70,882 – $74,607 | 5.00% |
| $74,608 – $80,197 | 5.50% |
| $80,198 – $86,855 | 6.00% |
| $86,856 – $91,425 | 6.50% |
| $91,426 – $100,613 | 7.00% |
| $100,614 – $107,213 | 7.50% |
| $107,214 and above | 8.00% |
2017-2018 repayment rates
| 2017-2018 Repayment threshold | Repayment % rate |
|---|
| Below $55,874 | Nil |
| $55,874 - $62,238 | 4.0% |
| $62,239 - $68,602 | 4.5% |
| $68,603 - $72,207 | 5.0% |
| $72,208 - $77,618 | 5.5% |
| $77,619 - $84,062 | 6.0% |
| $84,063 - $88,486 | 6.5% |
| $88,487 - $97,377 | 7.0% |
| $97,378 - $103,765 | 7.5% |
| $103,766 and above | 8.0% |
2016-2017 repayment rates
| 2016-2017 Repayment threshold | Repayment % rate |
|---|
| Below $54,869 | Nil |
| $54,869 - $61,119 | 4.0% |
| $61,120 - $67,368 | 4.5% |
| $67,369 - $70,909 | 5.0% |
| $70,910 - $76,222 | 5.5% |
| $76,223 - $82,550 | 6.0% |
| $82,551 - $86,894 | 6.5% |
| $86,895 - $95,626 | 7.0% |
| $95,627 - $101,899 | 7.5% |
| $101,900 and above | 8.0% |
Reference:
Christopher is the author of this solution article.
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