HECS-HELP repayment calculator
Free HECS-HELP repayment calculator for 2026-27 and 2025-26. Models the ATO's marginal repayment system (nothing until $69,528 in 2026-27, then 15c per $1 over the threshold), the resident income-tax scale and the 2% Medicare levy.
Repayment income is taxable income plus reportable fringe benefits, reportable super contributions, net investment losses and exempt foreign employment income. For a wage earner with no investments, taxable income is a good approximation.
Annual compulsory repayment (2026-27)
$820.80
≈ $16 per week · 1.1% of repayment income
How the ATO works it out
15c for each $1 over $69,528
($75,000 - $69,528) x 15% = $820.80
Take-home pay (estimate, 2026-27)
Income tax $13,020 + Medicare levy $1,500 + HELP $821 = $15,341 per year.
$59,659 per year
About $1,147 per week. Assumes a single Australian resident whose taxable income equals repayment income, the 2026-27 resident tax scale and the 2% Medicare levy; tax offsets are ignored.
Full 2026-27 ATO repayment schedule
| Repayment income | Repayment |
|---|---|
| $0 - $69,528 | Nil |
| $69,529 - $129,717 | 15c for each $1 over $69,528 |
| $129,718 - $186,050 | $9,028 plus 17c for each $1 over $129,717 |
| $186,051 and over | 10% of total repayment income |
How the maths works
From the 2025-26 income year, compulsory repayments are marginal: you repay a share of the income above the minimum threshold, not a rate on your whole income. For 2026-27, if I is your repayment income:
For 2025-26 the same structure applies with a $67,000 threshold, $8,700 plus 17c per $1 over $125,000, and 10% of total repayment income above $179,285. Worked examples: $65,000 repays nothing in either year; $75,000 repays $1,200 in 2025-26 and $820.80 in 2026-27. Up to 2024-25 the ATO applied one rate to the whole of your repayment income; pick 2024-25 in the calculator to see that schedule.
Source: ATO, Study and training loan repayment thresholds and rates (updated 30 June 2026). Take-home figures use the ATO resident tax rates for the selected year (the 16% rate falls to 15% from 1 July 2026) and the 2% Medicare levy.
Frequently asked
- Is HECS a marginal rate?
- Yes, since 1 July 2025. From the 2025-26 income year the ATO only charges compulsory repayments on the part of your repayment income above the minimum threshold: 15c for each $1 over $67,000 in 2025-26 and over $69,528 in 2026-27, rising to 17c per $1 in the next band. Only at very high incomes (above $179,285 in 2025-26 and $186,050 in 2026-27) does a flat 10% of your total repayment income apply. Up to 2024-25 a single rate applied to your whole repayment income.
- How much will I repay on $75,000?
- In 2025-26, $75,000 is $8,000 over the $67,000 threshold, so the repayment is $8,000 x 15% = $1,200. In 2026-27 it is $5,472 over the $69,528 threshold, so the repayment is $820.80. Under the old 2024-25 system the same income attracted 3.5% of the whole $75,000, or $2,625.
- What is repayment income?
- Repayment income is taxable income plus reportable fringe benefits, reportable employer super contributions, net investment losses and exempt foreign employment income. For a typical wage earner with no investments, taxable income is a good approximation.
- Does this calculator include indexation?
- No. The calculator focuses on the annual compulsory repayment. Indexation of the outstanding balance happens once a year, on 1 June, at the lower of CPI and Wage Price Index growth. Indexation does not affect this year's compulsory repayment.
- Are the thresholds current?
- Yes. The calculator defaults to the 2026-27 income year (1 July 2026 to 30 June 2027) and also offers 2025-26 and the old 2024-25 schedule, all taken from the ATO's study and training loan repayment thresholds and rates page. The thresholds are indexed each year, so we update the constants in our source code when the ATO publishes new figures.