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HECS-HELP Repayment Calculator 2026-27 (New Marginal System)
See how much HECS-HELP comes out of your pay in 2026-27: 15% of income above $69,528 under the new marginal repayment system.
1. Your pay
Take-home pay 2026-27
$2,498.43 / fortnight
$64,959 a year · $5,413.27 a month · $1,249.22 a week
🎉 You pay $268 less income tax than in 2025-26 (the 16% rate dropped to 15%).
Your employer also pays $10,200 a year in super (12%), on top of your salary.
2. Breakdown
| Year | Month | Fortnight | Week | |
|---|---|---|---|---|
| Gross salary | $85,000 | $7,083.33 | $3,269.23 | $1,634.62 |
| Income tax (after offsets) | -$16,020 | -$1,335.00 | -$616.15 | -$308.08 |
| Medicare levy | -$1,700 | -$141.67 | -$65.38 | -$32.69 |
| HELP repayment | -$2,321 | -$193.40 | -$89.26 | -$44.63 |
| Take-home pay | $64,959 | $5,413.27 | $2,498.43 | $1,249.22 |
Income year 2026-27 (1 July 2026 – 30 June 2027), Australian residents, tax-free threshold claimed. Rules last checked: October 2026. Not included: Medicare levy surcharge, other offsets and deductions. Estimate, not tax advice. 🔒 Everything stays on your device.
Questions people ask
What are the tax rates for 2026-27?+
Nil up to $18,200, 15% up to $45,000 (down from 16%), 30% up to $135,000, 37% up to $190,000 and 45% above, plus the 2% Medicare levy.
How much are HECS-HELP repayments now?+
Under the marginal system you repay 15% of income above $69,528, then $9,028.35 plus 17% above $129,717, and 10% of all income from $186,050.
Do I pay the Medicare levy on a low income?+
No levy for singles earning up to $28,011; above that it phases in at 10c per dollar until it reaches the full 2%.
Is super taken out of my pay?+
No. Your employer pays 12% super on top of your salary. If your offer is a 'package including super', tick the box and we work out the salary part.