Medicare Levy Calculator Australia 2024-25
Calculate Australian Medicare Levy (2%) plus Medicare Levy Surcharge (1%-1.5%) for those without private hospital cover earning above $93,000.
Your Details
Medicare Result
Medicare Levy Surcharge Thresholds 2024-25
Come utilizzare Medicare Levy Calculator Australia 2024-25
Enter your taxable income
Enter your taxable income. The Medicare Levy is 2% of taxable income for most taxpayers. A shade-in applies for low-income earners below $32,500.
Indicate private health insurance
If you do not have private hospital cover and earn above $93,000 (singles), you pay the Medicare Levy Surcharge (1%-1.5%). Having hospital cover exempts you from the surcharge.
Suggerimenti
- Buying hospital cover before age 31 avoids the Lifetime Health Cover loading, which adds 2% per year over 30 to your premiums.
- Couples and families pay MLS based on combined income, with a family threshold of $186,000 (2024-25).
- Some people earning just above $93,000 find that paying for private hospital cover costs less than the MLS — worth comparing.
Domande frequenti
What is the Medicare Levy?
The Medicare Levy is 2% of your taxable income. It helps fund Australia's public health system (Medicare). Most Australian residents pay it, though low-income earners receive a reduction or exemption.
What is the Medicare Levy Surcharge?
The MLS (1%-1.5%) applies if you don't have adequate private hospital cover and earn above $93,000 (singles) or $186,000 (couples/families). It's designed to encourage private health insurance.
Who is exempt from the Medicare Levy?
You may be exempt if your income is below $26,000 (individuals), you are a temporary resident, or you are a foreign national not eligible for Medicare. Certain people also receive a half Medicare Levy.
Does the Medicare Levy apply to all income types?
The Medicare Levy applies to taxable income including salary, business income and investment income. Capital gains may also be included. The PAYG withholding system collects it throughout the year.