What is ‘STSL Amount’?
This amount is the repayment deducted for study and training support loans, which includes HECS, HELP, and VET FEE-HELP repayments.STSL is simply a payroll code some employers include on their payslips to let you know how much extra tax they’ve withheld. This extra tax is treated the same as all the other tax they withhold and is used to cover all your tax liabilities, which includes your HELP debt.
How to make payroll efficient with Workstem?
Simplify your payroll processes with Workstem’s all-in-one platform, handling onboarding, time and attendance, award interpretation, payroll, STP 2, superannuation and more.
Customise attendance entitlements, auto-track attendance data, streamline the payment process and keep compliance with Fair Work award through our AI Engine. Workstem provides a complete solution for efficient payroll management and regulatory compliance.