16/10/2026
Are you paying the "No Insurance" Tax Penalty in 2026? 🚨
If your taxable income crosses the relevant threshold, you could be hit with an extra 1% to 1.5% surcharge at tax time if you don't hold valid hospital insurance:
🔹 Single threshold: $105,000+
🔹 Family threshold: $210,000+
Holding private hospital cover for the full year that covers you and all your dependents eliminates this surcharge.
Reach out to us today, we can help you figure out if taking out private health cover will save you money on your tax bill this financial year.