Menu Newsletter
(02) 9299 1555facebooklinkedintwitter
SECURE CLIENT LOGIN

Please enter your details below to login to our secure client area.
If you would like to register for access, click here.

Find out more about Secure Areas

You are here: Home > Client Tools > Tax Facts

Tax Facts - Medicare Levy

The Medicare Levy is a tax payable by Australian residents to cover health care charges. It is payable on taxable income, in addition to 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.

Medicare Levy is usually calculated at 2% of taxable income. A reduction in the rate is available for people on low incomes and an exemption is available for people in certain categories.
A Medicare Levy Calculator is available on the Australian Taxation Office (ATO) web site to help you work out your obligation.

MORE: See the Medicare Levy Essentials section of the ATO web site.

Whatever your requirements, we can help you find the solution...

Agri Business

Agri Business

Investors

Investors

Professionals

Professionals

Small Business

Small Business

SMSF

SMSF

Tradespeople

Tradespeople

Members of...

CA RAS
Xero SML
IPA

Contact Us

Physical Address
Level 26, 44 Market Street
Sydney,  NSW 2000
Australia
Find us on the map
Postal Address
Po Box Q284, Queen Victoria Building
NSW 1230, Australia
Ph. 02 9299 1555
Fax. 02 9299 1055 
Email. mail@stubbsco.com.au