The compulsory HECS-HELP repayment threshold has been reduced by the Government from $55,874 down to $51,957, as of the 2018-19FY. This means that you will have to start contributing to your HECS-HELP Debt earlier. Be sure to inform your employer of your education costs, to allow for the correct tax to be withheld.
The $20,000 instant asset write-off for small business has been extended for another 12 months till the 30 June 2019.
Concessional Contribution – pre-tax contributions
See how the changes affect individuals below.
