Your Money
Be careful of the Medicare Levy Surcharge after any wage rise
With the thresholds for the Medicare Levy Surcharge about to change, it’s worthwhile making sure you’re not caught, particularly if you’ve had a pay rise this year. In a nutshell, the Medicare Levy Surcharge (MLS) is an additional tax for high-income earners who don’t hold an appropriate level of private hospital cover. If you earn… Read more »