OK the EOFY is coming up and I have some decisions to make... At this stage I'm trying to work out what is better, to either make a contribution to my Super or pay down my HECS (though I'm not entirely sure about the specifics of how HECS works). Here are a few of my details. This financial year I think I will have probably grossed around $100,000 in income from my business, thus far I have contributed nothing to my super, and I think I have an outstanding HECS debt of around $12K - $15K (I'm not entirely sure). And I also have $5,000 in savings and another $10,000 in shares (of which have been held less than 12 months on which some have achieved gains and others some losses) and I'd be willing to sell if that'd be advantageous. Anyway, so If I contribute money to my super, I'll only be taxed on those earnings at 15% right? Also I have read (though do not fully understand) that if I pay down my HECS early then I get a 20% discount. Is that still the case? And if so when do I have to pay it down by? June 30th? Before Graduation (I graduate July 22nd)? Or is it just before I submit my personal tax return for the 2008/09 financial year? The impression I'm getting is that I only need to pay it down before I submit my personal tax return and as such would I then be best off putting my into Super, then looking to pay down my HECS in full just before I submit my personal tax return? Given that I get get a tax reduction by contirbuting to Super this year as well as a 20% saving on my outstanding HECs debt next year. Are there any other things I should be aware of or thinking about? Or any relevant details that'd help in regards to giving me some suggestions?