Reminder: Voluntary HELP Debt repayments due by 1 June 2024

Those with HELP Debts will have their debt increased/indexed by 4.7% on 1 June 2024 (or 4% under the recently announced proposal). A voluntary repayment made prior will reduce this cost. Whilst compulsory repayments are deducted from an employee’s wage (once earning sufficient income) throughout the year, they are not applied to the HELP

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