To work out the correct family surcharge threshold for your family, use one of the options below:
If you have up to 6 dependent children, use the reference list below:
- No dependent children, the family MLS surcharge threshold is $180,000
- 1 dependent child, the family MLS surcharge threshold is $180,000
- 2 dependent children, the family MLS surcharge threshold is $181,500
- 3 dependent children, the family MLS surcharge threshold is $183,000
- 4 dependent children, the family MLS surcharge threshold is $184,500
- 5 dependent children, the family MLS surcharge threshold is $186,000
- 6 dependent children, the family MLS surcharge threshold is $187,500.
If you have 7 or more dependent children, use the following method to calculate the family MLS surcharge threshold:
- The number of dependent children in your family less one
- Multiply by $1,500
- Add to base family MLS surcharge threshold of $180,000.
Example: Work out your family MLS surcharge threshold when the number of dependent children in the family is seven (7).
- 7 – 1 = 6
- 6 x $1,500 = $9,000
- The base family MLS surcharge threshold = $180,000
- $9000 + $180,000 = $189,000