The Medicare levy funds Australia\'s public health system and is charged at 2% of taxable income for most taxpayers. Low-income earners pay a reduced rate or nothing at all. The thresholds are adjusted annually. Families with dependants get a higher threshold before the full levy kicks in. The Medicare Levy Surcharge (an additional 1-1.5%) is separate and applies to higher earners without private health insurance.
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This calculator uses current published rates from Australian government and regulator sources. The result is an estimate for general guidance — it does not constitute personal financial advice. For decisions about your circumstances, consult a registered financial adviser, tax agent, or other professional. See editorial standards for how DecisionLab sources and updates its calculator data.