With these changes to the ATO Payment thresholds, what do you think the impact will be to borrowing capacity? You might be surprised..
Full Details of the proposal in the link at the bottom, though the summary is:
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The minimum repayment threshold will change from $54,435 in 2024–25 to $67,000 in 2025–26.
HELP repayments will only be calculated on the income above the new $67,000 threshold instead of the total annual income.
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I’m putting together a table of income levels but do you think it will help or harm borrowing capacity?
https://www.ato.gov.au/individuals-and-families/study-and-training-support-loans/study-and-training-loans-what-s-new
