Menu

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.

What We Do

Our aim is to provide you with advice when you or your business needs it - not just when you ask for it.

READ MORE

Who we are

We are committed to forming close and lasting partnerships with our clients. This way we can understand your unique situation and customise the assistance we provide to suit your needs.

READ MORE

Resources

View our handy online tools and resources featuring key dates, tax facts, useful links and online calculators.

READ MORE

Meet The Team

Richard O'Grady
Principal
FIND OUT MORE
Jessica Page
Client Manager
FIND OUT MORE
Jenny Kopac
Auditor
FIND OUT MORE
Charmaine Bode
PA & Accountant
FIND OUT MORE

Contact / Connect