HELP Indexation Timing Calculator Australia
See how much you can save by making a voluntary HELP/HECS repayment before the 1 June indexation date. Compare indexation with and without extra repayments.
01 —INPUTS
Your current HELP/HECS debt balance
How much you plan to repay before 1 June
Default is the most recent indexation rate
Note: HELP debt is indexed each year on 1 June. The 2025 indexation rate was 3.9%. Making a voluntary repayment before 1 June reduces the balance that gets indexed.
02 —RESULTS
Indexation Saved$78.00
Summary
Balance Before Indexation$30,000.00
After Voluntary Repayment$28,000.00
Indexation Without Repayment$1,170.00
Indexation With Repayment$1,092.00
After Indexation
Balance After Indexation (No Repay)$31,170.00
Balance After Indexation (With Repay)$29,092.00
Share
Tax Accuracy & Sources
This calculator is an estimate tool and may not cover all personal circumstances. For state-based taxes, confirm details with your state or territory revenue office.
When is HELP debt indexed?
HELP debts are indexed on 1 June each year based on the Consumer Price Index (CPI). From 2025, indexation is capped at the lower of CPI and the Wage Price Index (WPI).
Should I make a voluntary HELP repayment?
If you have spare cash earning less than the indexation rate, a voluntary repayment before 1 June saves you the indexation on that amount. However, HELP is the cheapest loan you will ever have — consider higher-interest debt first.
What was the 2023 indexation spike?
The 2023 indexation rate was 7.1%, the highest on record, due to post-COVID inflation. The government subsequently changed the legislation to cap future indexation at the lower of CPI and WPI.