As from the 1st July 2012 changes are being made to the Medicare Levy Surcharge and the Private Health Insurance Rebate. The Medicare Levy Surcharge has always been a penalty for having a higher income and not having private health insurance. The levy now increases above the 1% of previous years to aRead More →

Single parents will, once their youngest child turns 8, start to pay more tax, how will this happen I hear you ask? While the youngest child is under 8 a single parent will receive Parenting Payment Single. When the child turns 8 the parent will stop receiving Parenting Payment Single and start receiving theRead More →