• Peace of Mind

    Feeling pressure to keep up with all your obligations? Let us show you how to reduce the stress caused by life’s tax and financial challenges and the ways that can restore the balance back into your life and improve your well being!

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  • Start today

    As people can now expect to live to more than 80 years, you want your retirement income to last at least as long as you. It's never too late or early to start preparing for your retirement. So let us show you how to find the right strategy to preserve your hard earned savings as long as possible whilst maximizing any government entitlements too.

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  • Health Care Industries

    Helping those helping others is what we take pride in. Many of our client's are in the Health and Aged care services.

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  • Professional team

    Our staff are highly trained and dedicated to high standards and care about doing things right!

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Tax Facts - Medicare Levy

The Medicare Levy is a tax Australian residents pay to cover health care charges. It is payable on taxable income, in addition to income tax. Individuals and families on higher incomes who do not have an appropriate level of private hospital cover may have to pay the Medicare levy surcharge.

For the 2014-15 and later income years, Medicare Levy is usually calculated at 2% of taxable income. A reduction in the rate is available for people on low incomes and an exemption is available for people in certain categories.

Medicare Levy Calculator is available on the Australian Taxation Office (ATO) web site to help you work out your obligation.

MORE: See the Medicare Levy Essentials section of the ATO web site.




Aware Financial Services Pty Ltd
ABN 50 100 070 522
Corporate Authorised representative #324315
30 Jubilee Avenue, Carlton NSW 2218

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