Student Financial Supplement Scheme Repayments Rates and Thresholds

The Student Financial Supplement Scheme (SFSS) was a voluntary student loan scheme which closed on 31 December 2003.

The Tax Office continues to recover the loan repayments by adding to income tax assessments, based on minimum income levels.

Repayment income is taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income. Repayments are calculated as a percentage of Repayment Income.

CPI Indexation of outstanding loan balances takes place as of 1 June each financial year. See Annual indexation percentages.

Repayment Income Thresholds and Rates

SFSS repayments 2018-19

Repayment IncomeRepayment Rate
Up to $51,957Nil
$51,957 to $64,3062%
$64,307 to $91,4253%
over $91,4254%

 

SFSS repayments 2017-18

Repayment IncomeRepayment Rate
Up to $51,957Nil
$55,874 to $68,6022%
$68,603 to $97,3773%
over $97,3784%

 

SFSS repayments 2016-17

Repayment incomeRepayment rate
Up to $54,868Nil
$54,869 to $67,3682%
$67,369 to $95,6263%
Over $95,6264%

See also

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This page was last modified 2018-12-13