Search results
Results from the WOW.Com Content Network
Between 2012 and 2017, an eligible student who paid the entire or a part of the student contribution upfront received a 10% HECS discount on the amount paid (prior to 2012, the HECS discount was 20%). [14] Only Australian citizens and permanent humanitarian visa holders were eligible for the up-front 10% HECS discount. The up-front discount was ...
University funding will be a reduced by 2.5%. University fees will go up by $2,000 to $3,600 for a four-year course, an increase of 1.8% in 2018, and 7.5% by 2022. From 1 July 2018, the income level at which HECS debt repayments start will be reduced, from $55,000 to $42,000. [4]
Income-contingent repayment is an arrangement for the repayment of a loan where the regular (e.g. monthly) amount to be paid by the borrower depends on his or her income. . This type of repayment arrangement is mostly used for student loans, where the ability of the new graduate borrower to repay is usually limited by his or her inco
In Australia, a fringe benefit is a payment to an employee that is not considered part of the employee's income. Fringe benefits can be given to current, former, or future employees or a member of their family, a trustee, or a director. [3] The tax is paid by the employer only, and is not expected to be paid by the employee.
Becoming debt-free has numerous mental health benefits, including less stress, more confidence and a sunnier outlook on life. The Surprising Mental Health Benefits of Paying Off Debt Skip to main ...
Salary packaging (also known as salary sacrifice or salary exchange) is the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary. Such arrangements are entered into most commonly if there are tax or other benefits to be derived by the employer or ...
Debt payoff can be a long, tedious journey, but the psychological rewards of doing so will benefit you in the long run. The most important thing to remember on this journey is that you have plenty ...
A fringe benefits tax (FBT) is taxation of most, but not all fringe benefits, which are generally non-cash employee benefits. [1] The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits, and allows a Federal Government to more fairly assess taxpayer entitlement to government benefits, or liability to government taxes or levies.