student_repayment: HELP / HECS repayment amounts

Description Usage Arguments Details Value Author(s) Source Examples

View source: R/student_repayment.R

Description

HELP / HECS repayment amounts

Usage

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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.

Details

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

Value

The repayment amount.

Author(s)

Ittima Cherastidtham and Hugh Parsonage

Source

https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/?page=2#HELP_repayment_thresholds_and_rates_2013_14 and https://github.com/HughParsonage/library/blob/master/ed17-0138_-_he_-_glossy_budget_report_acc.pdf

Examples

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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

grattan documentation built on July 16, 2021, 9:07 a.m.