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Money Doesn’t Come Without Guidance ...

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24
May

CHANGE IN MEDICARE LEVY SURCHARGE (MLS) AND PRIVATE HEALTH INSURANCE (PHI) REBATE FROM 1 JULY 2015

From 1st July 2015, the government has frozen the income thresholds for the Medicare levy surcharge and private health insurance rebate for three years, starting from 1 July 2015 to 30 June 2018. Thi...

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24
May

NET MEDICAL EXPENSES TAX OFFSET PHASE OUT BY 2019

Net medical expenses are your total medical expenses, less refunds from Medicare and private health insurers, which you, or your dependents, paid during the financial year. In 2013, the Government an...

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24
May

LIFETIME HEALTH INSURANCE

Federal Government initiated lifetime Health Cover (LHC) in July 2000, which was designed to encourage the people of Australia to take out private hospital insurance earlier in life and to maintain th...

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24
May

Tax implications for having a private health insurance cover

Australia enjoys one of the best health systems in the world. Australian government has taken several initiatives to encourage its citizens to have a private health insurance.  Australian governme...

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24
May

Medicare levy

It's an amount paid by the taxpayers to help fund Medicare. It is calculated at a flat rate of 2% of a taxpayer's taxable income over a certain level. The Medicare levy low income threshold...

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