Medicare levy to increase from 2.0% to 2.5%

By |2017-05-14T04:22:21+10:00May 14th, 2017|Categories: Medicare|

The Medicare levy will be increased from 2.0% to 2.5% of taxable income from 1 July 2019. Low income earners will continue to receive relief from the Medicare levy through the low income thresholds for singles, families, seniors and pensioners. The current exemptions from the Medicare levy will also remain in place. Source: 2017/18 Federal Budget, [...]