• Medicare levy and Medicare levy thresholds

    The Medicare levy for the 2015-16 financial year is 2%.

    The Medicare levy is included in the top rate of tax used to calculate the amount to be withheld from a payment to a resident payee who has not provided their TFN or ABN.

    Medicare levy thresholds

    2015–16 year

    Medicare levy thresholds for an individual

    Category

    Lower threshold

    Upper threshold

    If you were eligible for the seniors and pensioners tax offset

    $33,738

    $42,172

    All other taxpayers

    $21,335

    $26,668

    2014–15 year

    Medicare levy thresholds for an individual

    Category

    Lower threshold

    Upper threshold

    If you were eligible for the seniors and pensioners tax offset

    $33,044

    $41,305

    All other taxpayers

    $20,896

    $26,120

    Last modified: 18 May 2016QC 42199