From 1 July 2008 the Medicare levy surcharge thresholds will be increased.
Singles without adequete private health cover will no longer be liable for the surcharge until their income exceeds $100,000 (currently $50,000).
The family threshold will also increase to $150,000 (currently $100,000).
Compare private Health Insurance policies from participating health funds
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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