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.
Estimates only. This calculator is not intended to be relied on for making a decision about a financial product, and it does not consider your objectives, financial situation or needs. Consider obtaining advice from an Australian financial services licensee before making any financial decisions. Assumptions can be changed where shown; statutory rates are as legislated for the year stated on this page. How our calculators work, their assumptions and limitations →