HELP Repayment Threshold to be reduced from 1 July
New minimum repayment threshold will be set at 90% of
the minimum threshold that would otherwise have applied
for the 2016/17 year (approx. $50K).
A new minimum repayment rate of 2% will apply to
debtors with incomes that have been caught by the
There are no other changes to the repayment rates.
Currently HELP Debts are indexed to CPI. From 1 July
2016 indexation of HELP Debts will be linked to a rate
equivalent to the yield on 10 year bonds issued by the
Australian Govt, capped at 6%.
For the 2013 year the CPI applied to HELP Debts was 2%
where as the 10 year bond rate was 3.76%.