Cat Posted July 30, 2015 Report Share Posted July 30, 2015 We were on a 457 for the tax year. We had reciprocal cover and paid $500 a month private cover, but I think we still might need to pay the Medicare levy, has this happened to others? I really didn't understand it. We're now PR but only since last week. Quote Link to comment Share on other sites More sharing options...
verystormy Posted July 30, 2015 Report Share Posted July 30, 2015 The medicare levy depends on your salary. Have you done your tax return yet? Quote Link to comment Share on other sites More sharing options...
Cat Posted July 30, 2015 Author Report Share Posted July 30, 2015 The medicare levy depends on your salary. Have you done your tax return yet? Thanks for your reply. I'm booked in to see an accountant next week. She didn't seem to know much about it when I spoke to her. I imagine with joint income we will be in the high bracket. Looks like we will pay, but I thought the private cover would cover this. I wouldn't mind but we've not even used the private cover. Quote Link to comment Share on other sites More sharing options...
Lou8670 Posted July 31, 2015 Report Share Posted July 31, 2015 I didn't think 457's paid it as they're not entitled to Medicare and have to take out their own health cover. I know there is a form on the Medicare website you need to fill in for tax purposes. Although it states that you may have to pay the levy even if you are exempt if you have a dependant who is entitled to Medicare. Quote Link to comment Share on other sites More sharing options...
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