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Ask an Adviser: Jacob McCudden "Should I be paying off my HECs faster?"

Equity Mates Investing Podcast

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Indexation and Hex Debt

Hex is an interest-free line from the government. There's no mandatory repayments other than your income. So if you're on hard times and you've lost your job, those hex repayments will stop. They're not going to come out. And they only get higher and higher as your income gets higher. If there's new other commitments that should come first, they should all take priority over Hex debt.

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