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Medicare Levy & Surcharge |
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The Medicare Levy is a
tax paid by Australian residents to cover health care charges.
The levy is payable on taxable income, and is in addition to your income tax. Individuals and families on higher incomes who do not have an appropriate level of private hospital cover may have to pay the Medicare levy surcharge. Surcharge income threshold
The surcharge income threshold for each extra dependent child is $1,500. The Medicare Levy Surcharge is in addition to the 1.5% Medicare levy. It is calculated at the rate of 1% of:
The Medicare levy is normally calculated at 1.5 per cent of your taxable income but this rate can vary depending on the individual's circumstances. You may be exempt from the levy or it may be reduced if you:
Medicare Levy - Individuals 2010-11:
Medicare Levy - Families 2010-11:
(1) No Medicare Levy is payable below the Lower Income Limit. (2)
The rate of 10% of the difference between the taxable income and the
lower income limit is payable where the taxable income does not
exceed the upper income limit.
(3)
If you have more than four dependent children or students, for each
additional child or student:
A Medicare levy calculator is available at the ATO website to help you calculate your financial obligation. For more information see the Medicare levy essentials homepage on the ATO website.
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