HECS Overseas Reporter

Every year you live abroad with a HECS balance, you owe the ATO a report of your worldwide income by October 31, and a repayment computed on it. What most people never learn: there are three different ways to work out that income (simple conversion, comprehensive tax-based, or the figure your foreign tax authority assessed), they can differ by thousands, and you may use the one that applies to your circumstances.

This tool computes all three side by side, flags the cheapest valid method for your figures, and tracks your balance (indexation vs repayments) to an estimated payoff year.