Everyday Health TV | HIF Info Segment: "Understanding the Medicare Levy Surcharge"

Did you know... if you don't have private hospital insurance and you earn over $90,000 as a single (or $180,000 as a couple), you may pay extra tax this year due to the Medicare Levy Surcharge (MLS). You can remove the MLS next year though (and save $$$ in tax) simply by purchasing an HIF GoldVital Hospital policy! GoldVital is Australia's lowest priced Hospital Cover, so what are you waiting for? Join or switch today from $1.53 per day. Visit www.hif.com.au/goldvital to get an instant quote...

23 Videos (and 89 Articles) for this topic

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Bupa | What is the Medicare Levy Surcharge or mls?

Many Australian residents pay an annual levy on their taxable income, called the Medicare Levy Surcharge or mls. Find out what it means and how you can avoid it.

6 Videos (and 85 Articles) for this topic

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Budget 2015 The Medicare Cuts

The Federal Government continues to cut and burn Medicare rules and regulations, including a new Medicare Safety Net will be introduced with lower thresholds for most people. Indexing on all Medicare rebates, excluding GP services, will remain frozen until July 2016, and the Medicare Levy Surcharge and Private Health Insurance Rebate income thresholds will not be indexed.

4 Videos (and 37 Articles) for this topic

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15/09/2008 - Medicare Levy Surcharge change (2)

Senator Cormann continues to prosecute the case against the Rudd Governments changes to the Medicare Levy Surcharge

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Private health insurance sector calls for increase to Medicare levy surcharge

Private health insurance sector calls for increase to Medicare levy surcharge

Private Healthcare Australia says surcharge not a strong enough incentive given rising premiums Private health insurance company Bupa Australia wants the Medicare levy surcharge increased for high-income earners. Photograph: Dan Peled/AAP High-income earners should be penalised at a higher rate through the Medicare levy surcharge for failing to take out private health insurance, the insurance sector says. Single...

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$165m for dental health - Senator Di Natale on SKY PM Agenda

Senator Richard Di Natale, Greens spokesperson for health, discusses the Greens securing $165 million in funding for dental health. The commitment to allocate the money raised by the Medicare Levy Surcharge towards dental care comes in response to the Greens support for passage of the Government's private health insurance package

2 Videos (and 41 Articles) for this topic

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Medicare levy increases to fund DIS

Julia Gillard has confirmed the Medicare levy will be increased to pay for the Disability Insurance Scheme.

3 Videos (and 70 Articles) for this topic

 

Medicare levy fight all the way to the election

13/05/2017 Labor wants people earning less than $87,000 to be exempt from the Medicare levy raise would save 10 million Australians from a $15 billion in tax hike.

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What is Capital Gains Tax

This week's video I talk about what capital gains tax is and how it is calculated.

Feel free to contact me if you have any questions or would like to know more about how to plan ahead to minimise capital gains tax please on 1300 88 44 17 or phil@thompsonfs.com.au.

All calculations include provision for the Medicare Levy. The final amount of capital gains tax will be determined by any applicable offsets, deductions and Medicare Levy Surcharge personal to your situation.

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Medical Matters and Tax in Australia

http://localtaxaccountantslogan.com/tax-medical/

Medical matters in Australian Tax cover three main areas.

Medicare Levy

Medicare Levy Surcharge

Private Health Insurance Rebate, and

Medical Expenses Tax Offset

These can individually and jointly cause headaches for Australian Taxpayers who are unaware of the rules.

This video provides information about the last three in the above list.

The medicare levy is the least troublesome and information can be found at the above web page and on the...

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Private Health Insurance and Tax

A growing number of Australians are choosing to opt out of private health insurance as the financial incentive is diminishing. Currently, anyone earning more than $90,000 a year who doesn't have health insurance will pay extra tax, in the form of the Medicare Levy Surcharge. There is also a Lifetime Health Cover loading that goes up by 2 percentage points every year a person delays taking out private health insurance after the age of 31 and until they're 65. Despite this, rising premiums and...

1 Videos (and 6 Articles) for this topic

 
 
 

Bupa | What is the Medicare Levy Surcharge or mls?

Many Australian residents pay an annual levy on their taxable income, called the Medicare Levy Surcharge or mls. Find out what it means and how you can avoid it.

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From: Bupa Australia

Related topics : australian medicare levy surcharge

Difference Between The Medicare Levy And Medicare Levy Surcharge | Rask Finance | [HD]

What's the difference between the Medicare Levy and the Medicare Levy Surcharge?

How does private health insurance affect tax?

Do I pay the Medicare Levy if I have private health insurance?

Visit us at www.raskfinance.com where you can find all of our free videos, commentaries, courses, quizzes, tests and more. It's all FREE.

All of our videos should be considered educational. We do not provide financial advice. We do our best to, but we cannot guarantee the accuracy of our content. You...

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From: Rask Finance

Related topics : private health insurance and medicare levy surcharge

Turnbull Govt faces a tough battle getting the Medicare levy raised

12/05/2017 The government wants to remove the deficit levy and raise the Medicare levy to fund the NDIS.

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From: Qldaah

Related topics : government medicare levy

Medicare levy

Short video recapping taxable income and calculating medicare levy. Calculating 9% superannuation is also looked at.

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From: Paul Rikmanis

Related topics : medicare levy

Medicare Levy Surcharge

Medicare Levy Surcharge

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From: HEALTH INSURANCE

Related topics : medicare surcharge levy

Medicare Levy Surcharge Explained

An explanation of the Medicare Levy Surcharge, how much you need to earn to be charged it and how the appropriate private health cover can assist you in avoiding it.

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From: Sarah Aston

Related topics : medicare surcharge levy

HIF: Medicare Levy vs Medicare Levy Surcharge

We worked with HIF's team to produce this animated video to help explain the different between the Medicare Levy and the Medicare Levy Surcharge.

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From: Studio Orange

Related topics : medicare surcharge levy

More on the (proposed) Medicare Levy increase.

More on the (proposed) Medicare Levy increase.

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From: John Alexander Berry

Related topics : medicare levy

Private health insurance sector calls for increase to Medicare levy surcharge

Private health insurance sector calls for increase to Medicare levy surcharge

Private Healthcare Australia says surcharge not a strong enough incentive given rising premiums Private health insurance company Bupa Australia wants the Medicare levy surcharge increased for high-income earners. Photograph: Dan Peled/AAP High-income earners should be penalised at a higher rate through the Medicare levy surcharge for failing to take out private health insurance, the insurance sector says. Single...

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From: ABC News

Related topics : private health insurance and medicare levy surcharge / medicare health insurance companies / medicare b premiums high income / medicare insurance rates

Increasing the Medicare levy is unfair

Treasurer, Mr Morrison described increasing the Medicare levy as ‘helping out a mate’.

We think the government is more of a parasite, not a mate.

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From: Liberal Democrats (Australia)

Related topics : government medicare levy