Know anyone who's happy to pay more tax?

Written on the 1 August 2017 by Arrow

Know anyone who's happy to pay more tax?

No, neither do we. But if your income is above $90,000 (single) or $180,000 (couple) and you don't have private hospital insurance, you'll be paying the Medicare Levy Surcharge - that's an extra $900 (single) or $1800 (couple) in tax.

The good news is you can avoid this penalty because there are hospital insurance policies that cost about the same as the extra tax you are paying. Even a basic private hospital policy has to be better than donating more tax to the government.

Happy Birthday -  NOT! If you turn 31 in 2017/18 and don't have private hospital insurance, you'll pay 2% extra in premiums for each year you delay taking out hospital cover. Happy birthday from the government!

Now Let Us Help. To avoid these penalties, simply click here, provide a few details and a health insurance specialist engaged by Arrow Focus on Wealth will contact you to review your situation and make recommendations *. There's no cost, no obligation and it's completely confidential.

If you already have private health insurance, why not check you've got the right cover at the right price? There's no time like the present. Just click the link above and we'll be in touch. You've nothing to lose.


Any advice in this website is general advice only. The content has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making a decision about any information contained on this website you should carefully consider the appropriateness of the information in light of your personal circumstances in addition to the information provided in the PDS of the relevant financial product. You should also consider seeking professional advice from your financial adviser.

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