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Guest chloew

Medicare Levy Surcharge

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Guest chloew

Hello,

 

Does anyone know how much you may if you don't have Medical Insurance? We cancelled ours in March this year.

 

Thanks

 

Chloe

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Have a look on the medicare site. I think it may have been altered when the gov changed.


Petals

:ssign15:taking no prisoners :wink:

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Guest Mark X

This is from the ATO website

 

We calculate MLS at the rate of 1% of your taxable income. The MLS is in addition to the 1.5% Medicare levy.

 

The MLS being the Medicare Levy Surchage

 

Cheers

 

Mark

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You only pay the surcharge if your income is over the threshold as well so

 

"The Medicare Levy Surcharge is a Levy, or an extra tax, on Australian taxpayers who do not have private hospital cover and who earn above $77,000 for individuals and $154,000 for couples or families, increasing by $1,500 for each additional child after the first."

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