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The payments work the same way as tax brackets, so say 10% of your salary above 50k. Would you keep your salary lower to stay in a lower tax bracket?
by CJefferson 8y ago
The payments work the same way as tax brackets, so say 10% of your salary above 50k. Would you keep your salary lower to stay in a lower tax bracket?
- mimhoff 8y agoSadly they don't work like income tax. If you go into the next bracket, you owe the new rate on your entire income.
- atiredturte 8y agoPlease read the link provided [1]. The percentage is not high enough to purposefully keep your salary lower. [1] https://www.studyassist.gov.au/paying-back-your-loan/loan-repayment https://www.studyassist.gov.au/paying-back-your-loan/loan-re...