Posts Tagged ‘medicare levy tax’
Medicare Levy Surcharge (MLS): What It Is & How It Affects You
What is the Medicare Levy Surcharge (MLS)? The Medicare Levy Surcharge (MLS) is an additional tax imposed on individuals and families who earn above a certain income threshold but do not have private health insurance. The MLS is designed to encourage high-income earners to take out private health insurance and reduce pressure on the public…
Read MoreReducing Your Medicare Levy
Reducing Your Medicare Levy In some circumstances, you may be able to reduce your Medicare Levy and hence pay less tax. Certain examples which you may need to consider include: • where you have a low family income which may entitle you to a Medicare levy reduction • some certain medical conditions e.g. being blind…
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