kmscpa

23 Jun 2008

Medicare Levy & Medicare Levy Surcharge

Medicare levy low income threshold 2008 - smallFrom 1 July 2008, singles with income up to $100,000 and families with income up to $150,000 will no longer be subject to the surcharge.

The Medicare Levy low-income threshold for pensioners below pension age will increase from $21,637 to $22,922 for the 2007/2008 income year.

The Medicare Levy low-income thresholds have increased from 16,740 to 17,309 for singles and from 28,247 to 29,207 for members of a family.

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  • Address
    Suite 2 Level 1
    72 Hargrave Avenue,
    Terminal Building
    Essendon Airport,
    VIC 3041
  • Telephone
    61 3 9948 9440
  • Facsimile
    61 3 9948 9446
  • Toll
    1300 KMS CPA