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Medicare Levy Surcharge
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Medicare Levy Surcharge
Did you know you could reduce your tax?

If you don’t have private hospital cover you may be paying the extra 1% Medicare levy surcharge on top of the 1.5% Medicare levy you already pay.

This may relate to you if you are:

  • single and earning a total taxable income over $50,000 p.a or;
  • couple earning a total taxable income over $100,000 p.a.

You could be paying over $500 per year extra in tax if you’re single or over $1,000 per year extra if you’re a couple.

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Professional National Accountant
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