01/04/2025
đź’¸ Think your tax return is sorted? Think again.
If you earn over $97K and don’t hold private hospital insurance, the Medicare Levy Surcharge could be costing you hundreds to thousands in extra tax every year.
And no — this isn’t the standard Medicare Levy. It’s a separate penalty tax that most high-income earners don’t even realise they’re paying.
📊 In this post, we break it down: ✅ What the MLS is (and what it’s not)
✅ How it’s calculated
✅ The 2024–25 income thresholds
âś… How to legally avoid it
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Comment “HELP” if you’re not sure whether this applies to you — we’ll check it for you.
đź“Ś Save this post to revisit come tax time.
