Vocational Education and Training Student Loan (VSL)

Question

Hello Team,

If an employee has selected yes on Vocational Education and Training Student Loan (VSL) in their Mygov TFN declaration form, is there anything we will need to tick in the tax setting for that employee? Is it the same as HELP? At the moment, we assume it is the same as HELP.

Thanks and regards,

Nita

Dianita · Answer

Many thanks Shaz, we thought so too, but just had to confirm.

Regards,

Nita

Acctd4 · Answer

Hi Nita

No, nothing else, just the HELP checkbox - the govt loans have all been amalgamated under “HELP” now ☺️