When will I pay off my HELP debt?
See how much comes out of your pay each year, how long the debt takes to clear, and what indexation adds along the way.
Common questions
How much do I repay on my HELP debt?
Repayments come out of your pay once your income is over $69,528 (2026–27): 15c in each dollar over that, rising to 17c over $129,717, and never more than 10% of your income.
What is HELP indexation?
Each 1 June, what you still owe goes up by the lower of inflation and wage growth. It was 2.8% on 1 June 2026. It’s not interest, but it works like it.
Should I make voluntary repayments?
They cut the balance that gets indexed, so you pay a little less overall. Whether it’s worth it depends on what else that money could do: paying off a credit card or adding to savings may be better.