When you start a new job, youre inundated with paperwork but leaving one small box unticked could result in a nasty surprise bill.
Department of Education and Training figures reveal 2.9 million Australians had outstanding Higher Education Loan Program (HELP, formerly HECS) debts in 2017-18.
Thats a significant jump from the 2.7 million who had a HELP debt the year prior and as more and more of us turn to higher education, that statistic is only likely to grow in future.
But according to Ben Johnston from leading Sydney accounting firm Willett Johnston Partners, many employees get caught out by their HELP debt by failing to declare it when they start a new job.
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Read the full article at: https://www.news.com.au/finance/money/tax/why-your-uni-degree-could-cost-you-thousands-this-year/news-story/7b9fa91057d24eb27df8a9bdc7b74d45