sj oldfield

Now we have taken out Private Health Insurance, do we still pay the Medicare Levy.

Wendy

You pay the normal levy, but not the extra levy if your earnings go over the threshold (50k for singles or $100k for couples). Although I think you need to get it before or at the begining of the new tax year to be exempt for the current year (not 100% sure on that)

sj oldfield

Cheers for that!!

Sandra

Correct - they will do a prorata calculation for part year private medical so the date you started can be entered into the Tax Return.

The Medicare Levy Surcharge is what you will become exempt to

the limits quoted here are also correct but can be more if you have dependant children

This link and the pages to the side explain things in some detail

http://ato.gov.au/individuals/conten...ntent/7128.htm

http://ato.gov.au/individuals/conten....htm&page=7&H7

Caution - not trying to nitpick just boring payroll person at work

Wendy

I know you're not nitpicking mate. I couldn't be bothered looking up all the details myself so went with the simple bits

Thanks for your clarification