HELP Indexation Credit Estimator

The Government has announced changes to the way HELP loans will be indexed, effective from 1 June 2023. 

This means that if you had an outstanding HELP loan that was indexed on 1 June 2023, and/or will be indexed on 1 June 2024, you will receive a credit to your HELP account at the ATO.

You can use this calculator to receive an estimate of the credit that you can expect to see on your HELP loan account.

On this page:

HELP Indexation Credit Estimator

This estimator provides an indicative amount of the credit that you will receive when legislation is passed. It does not constitute a formal estimate or assessment of your current HELP loan.

(this amount can be found on your HELP account at the ATO through myGov)

Your estimated indexation credit for 2023 is $0

Your estimated indexation credit for 2024 is $0

Your estimated indexation credit for 2023 is$0

Disclaimer

This tool is for illustrative purposes only. It is not a formal estimate or assessment of your current or historical HELP loan nor of the credit you will receive. Credit amounts are rounded to the nearest $5. This tool provides an estimate based on the outstanding HELP loan amount provided. The amount calculated is only indicative of a potential HELP credit based on the amount entered. The actual amount that your HELP loan will be reduced by is subject to the passage of legislation, and the content of that legislation. This tool provides an estimate of potential HELP loan reduction and does not apply to other student loan schemes. It does not take into account individual circumstances which may result in a different actual credit outcome. The tool does not provide taxation or financial advice and should not be relied on as an accurate assessment of your individual tax affairs. Individuals should seek independent, expert advice on their taxation and financial affairs (as appropriate).