grattan (version 1.7.1.2)

student_repayment: HELP / HECS repayment amounts

Description

HELP / HECS repayment amounts

Usage

student_repayment(repayment_income, fy.year, debt)

Arguments

repayment_income

The repayment income of the individual, equal to Taxable Income + Total net investment loss (incl Net rental loss) + reportable fringe benefits amounts + Reportable super contributions + exempt foreign income

fy.year

The financial year repayment_income was earned.

debt

The amount of student debt held.

Value

The repayment amount.

Details

The student repayments for fy.year = '2018-19' assume the measures in Budget 2017 will pass.

Examples

# NOT RUN {
student_repayment(50e3, "2013-14", debt = 10e3) 
# 0 since below the threshold

student_repayment(60e3, "2013-14", debt = 10e3)
# above the threshold

student_repayment(60e3, "2013-14", debt = 0)
# above the threshold, but no debt
# }