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  • Medicare levy

    乐多多官网the medicare levy helps fund some of the costs of australia's public health system known as medicare. the medicare levy is 2% of your taxable income, in addition to the tax you pay on your taxable income.

    you may get a reduction or exemption from paying the medicare levy, depending on your and your spouse's circumstances. you need to consider your eligibility for a reduction or an exemption separately.

    You can use the Medicare levy calculator to work out your Medicare levy.

    the medicare levy is collected from you in the same way as income tax. generally, the pay as you go amount your employer withholds from your salary or wages includes an amount to cover the medicare levy. your actual medicare levy is calculated by us when you lodge your income tax return.

    Medicare levy surcharge

    乐多多官网in addition to the medicare levy, you may have to pay the medicare levy surcharge (mls) if you don’t have an appropriate level of private patient hospital cover and your income is above a certain amount.

    if you, your spouse or any of your dependants have an appropriate level of private patient hospital cover, you won't have to pay the mls, and depending on your income, you may be eligible for the private health insurance rebate. this rebate is an amount the government contributes towards the cost of your private health insurance premiums.

    you may be entitled to an exemption from the mls for part or full year. this will be determined from the information that you provide in your tax return.

    乐多多官网depending on your circumstances, the medicare levy, the mls or variations to your private health insurance rebate may impact the refund you receive or the tax you owe.

    If the MLS has resulted in you owing tax, you can take steps to avoid a liability in the future by:

    Find out about:

    See also:

    Last modified: 01 Jul 2020QC 27030
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