Hi All,
This is just a quick one, I am sure someone on here will be in the same boat and it doesnt hurt to ask
Lets say I have a $10,000 HECS debt (which I don't, but lets just say I do). Lets also say I earn more then the minimum HECS specifies so I need to repay my HECS debt which is deducted from my weekly wage.
I have been told by someone who has a HECS debt who is earning more than the minimum that when they get a tax refund, the taxman basically says 'you get $X refund this year. Thanks, that goes straight on your HECS' and you have no say on this.
Is this correct? If you get a refund is it mandatory for the refund to go on your HECS debt? Surely that is a little harsh for people who have a HECS debt!
Thanks!
This is just a quick one, I am sure someone on here will be in the same boat and it doesnt hurt to ask
Lets say I have a $10,000 HECS debt (which I don't, but lets just say I do). Lets also say I earn more then the minimum HECS specifies so I need to repay my HECS debt which is deducted from my weekly wage.
I have been told by someone who has a HECS debt who is earning more than the minimum that when they get a tax refund, the taxman basically says 'you get $X refund this year. Thanks, that goes straight on your HECS' and you have no say on this.
Is this correct? If you get a refund is it mandatory for the refund to go on your HECS debt? Surely that is a little harsh for people who have a HECS debt!
Thanks!