Upcoming Changes to HELP Loans (Dec 24 Tax Update)

Name: Munro's, The Professional Problem Solvers
Address: 308 Fitzgerald Street, Perth, WA, 6000
Telephone: 1800 818 924
Rating: 5

Australians with HELP debts seeking insights into proposed legislative changes impacting repayment terms and debt indexation.

Proposed 20% one-off reduction in HELP debts, effective before 1 June 2025.
New repayment threshold to increase from $54,435 to $67,000 from 1 July 2025.
New repayment rates: 15% on income $67,001–$124,999, 17% on income over $125,000.
HELP indexation capped at the lower of CPI or WPI, retroactive to 1 June 2023.