Level 1, 20 Innovation Parkway, Birtinya, QLD 4575  

PO Box 1012, Buddina QLD 4575 

Phone: (07) 5437 6600 

Fax: (07) 5437 6622 

Email: info@paabs.com.au 

Opening Hours : Monday to Friday 8.30am - 5.00pm 

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    financial services we offer.
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    online resources.
     AFFILIATE SERVICES

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Return to List of 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.

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