Vocational Education and Training Student Loan (VSL)

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Dianita
Dianita Member Posts: 117 ✭✭

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

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,497 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi Nita

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

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Dianita
    Dianita Member Posts: 117 ✭✭
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    Many thanks Shaz, we thought so too, but just had to confirm.


    Regards,

    Nita