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  • Expert
  • Donating Members
  • Member For: 20y 3m 30d
  • Gender: Male
  • Location: North Jamberoo, NSW

Stripes DO NOT change your HECS with the ATO because at the end of each year you will get a great Tax return. Wife left hers and gets back around 10-12k each year.

  • All stock bar the k&n panel filter
  • Silver Donating Members
  • Member For: 13y 3m 12d
  • Gender: Male
  • Location: Perth

Meh, I'd rather the money sitting in my account earning ME interest...rather than my companies (or ATO's) account earning THEM interest.

  • Like 2
  • Moar Powar Babeh
  • Lifetime Members
  • Member For: 19y 9m 2d
  • Gender: Male
  • Location: Perth

You must have a helluva savings account if it can pull in 10 to 12k interest in a year.

  • Moar Powar Babeh
  • Lifetime Members
  • Member For: 19y 9m 2d
  • Gender: Male
  • Location: Perth

Read pixys post,then read yours and then read mine.

If leaving it with the at can enable you to claim 10 to 12k (obviously depends on the level of debt) your bank account would need to work pretty hard to keep up....

  • Bob the Freaking Builder
  • Donating Members
  • Member For: 15y 9m 13d
  • Gender: Female
  • Location: SA

Claiming that money is because u paid it in the first place out of your tax ?

Your only getting back what u paid over the year

So put that money into savings account instead of paying it to the ato

I'm confused what your saying Ralph

Do the ato give u back the money u paid in HECS by accident plus 7% interest or some sh*t ?

  • Like 2
  • All stock bar the k&n panel filter
  • Silver Donating Members
  • Member For: 13y 3m 12d
  • Gender: Male
  • Location: Perth

^WSS. Pixy's wife is only getting it back coz it's already been withheld from her as tax. Doesn't get any interest on it, just the chunk of money back she didn't need to pay.

  • Like 2
  • Too heavy needs boost
  • Member
  • Member For: 11y 10m 20d
  • Gender: Male
  • Location: Adelaide

I got kicked out 7 weeks into yr 11. Gubberment worker (slacker) 4lyf..

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