Ep 23 - Medicare Levy vs Surcharge—How to Avoid Unnecessary Tax
Автор: SWU Group
Загружено: 2025-06-25
Просмотров: 16
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Welcome back to The Finance Garage! In this episode of The Finance Garage, we tackle one of the most misunderstood parts of the Australian tax system: the difference between the Medicare Levy and the Medicare Levy Surcharge (MLS). You’ve likely seen both on your tax return and wondered—why am I paying two health-related taxes?
Jonathan helps you to break it all down—what each levy means, who has to pay them, how the income thresholds work, and most importantly, how you can legally avoid the surcharge by having the right type of private hospital insurance.
Whether you’re navigating tax time for the first time or reassessing your private health cover, this episode gives you the tools to make smarter decisions.
📲 Subscribe now or search "The Finance Garage" on Spotify or Apple Podcast and start your financial journey with us in the way you like best!
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