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June 2010 News

17/06/2010 - 9:09pm

Health Insurance Consultants Australia (HICA) today announced the launch of their Tax Saver Selector.

The Tax Saver Selector has been developed for people seeking health cover for tax saving purposes, bringing together a select range of  great value hospital policies that cost less than the Medicare Levy  Surcharge.

12/06/2010 - 2:20pm

The Federal Government has advised that the implementation date for its proposed changes to the Private Health Insurance Rebate Tiers legislation has been revised due to the rejection of the legislation by the Senate to date.

10/06/2010 - 12:00am

Under the Tax Laws Amendment (Medicare Levy Surcharge Thresholds) Act (No 2) 2008, the income thresholds are indexed each year by using indexation factors calculated for full time adult average weekly ordinary time earnings. 

The Australian Taxation Office (ATO) has advised that for the 2010-11 income tax year the income thresholds will be as follows: 
• Singles Surcharge Threshold: $77,000 
• Family Surcharge Threshold: $154,000 (the family threshold increases by $1,500 for each dependent child after the first).