Medicare Levy low income thresholds for 2012-13 were initially set as part of the package of family assistance measures associated with the introduction of the carbon tax.
The thresholds are indexed annually.
Basic rules:
- Incomes below the thresholds are free of the Medicare Levy.
- Incomes over the threshold pay a levy of 10% of the excess, until the amount reaches the normal rate of 1.5% of income
- For families, the lower threshold is increased by the amount of $3094 per dependent child (up from $3,007 in the previous year).
| INDIVIDUALS 2012-13 Medicare Levy Low Income Thresholds |
|
| Lower Income Limit | |
| Eligible for the SAPTO | $32,279 |
| All other taxpayers | $20,542 |
| FAMILIES 2012-13 Medicare Levy Income Thresholds |
| Lower Income Limit |
| $33,693 |
Low income 10% shade-in — Families shade-in formula
See also
- Are you eligible to claim the Private Health Insurance tax offset? – the Private Health Insurance tax offset is an income tested rebate of tax of up to 40% of your private health insurance premiums.
- Medicare Levy
- Medical expenses offset
.
This page was last modified on 10 August 2015