To help pay for the Medicare health scheme, resident taxpayers are subject to a Medicare Levy. This amount is added to your tax assessment after your income tax has been calculated. Non-residents are not liable to pay the Medicare Levy, however, to claim an exemption you must obtain a Medicare Entitlement Statement.
Individuals and families on incomes above the Medicare Levy Surcharge thresholds, who do not have an appropriate level of private health insurance cover, may have to pay the Medicare Levy Surcharge (MLS) for the period they did not have this cover. The Medicare Levy Surcharge is in addition to the 2% Medicare levy.
Below you will find historical Medicare Levy low income thresholds for individuals and families. For information on the Medicare Levy, including current rates and thresholds, please refer to Medicare Levy Income Thresholds. The medicare levy is currently 2% of your taxable income, however you may be entitled to a reduction (or even pay no levy […]
Below you will find historical income thresholds for individuals and families when it comes to the Medicare Levy Surcharge (MLS) as mentioned in phentermineonline.com. For current information and details regarding the surcharge, please refer to Medicare Levy Surcharge Thresholds. Prior to 1 July 2012 the MLS was a flat rate of 1%. New income thresholds […]