Compulsory repayment on $120,000
$7,570.80
What this means
On a repayment income of $120,000 your compulsory HECS-HELP repayment for 2026-27 is $7,570.80 for the year, about $630.90 a month or $291.18 a fortnight. That is an effective rate of 6.3%.
Remember that repayment income is broader than your salary. It adds back reportable fringe benefits, reportable super contributions, total net investment loss and exempt foreign employment income. If any of those apply to you, use the full calculator to enter them.
2026–27 rates
| Repayment income | Repayment |
|---|---|
| $0 – $69,528 | Nil |
| $69,529 – $129,717 | 15c per $1 over $69,528 |
| $129,718 – $186,050 | $9,028 + 17c per $1 over $129,717 |
| $186,051 and over | 10% of total repayment income |
Common questions
How much HECS do I pay on $120,000?
On a repayment income of $120,000 in 2026-27, the compulsory repayment is $7,570.80 for the year — roughly $630.90 per month.
What is the HECS threshold for 2026-27?
The minimum repayment threshold for 2026-27 is $69,528. Below that, no compulsory repayment is required.
Does salary sacrificing reduce my HECS repayment?
No. Reportable super contributions are added back when working out repayment income, so salary sacrificing into super does not reduce your compulsory repayment.