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.


The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Whilst Arrow Focus on Wealth Pty Ltd is of the view the contents of this website is based on information which is believed to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd or any officer, agent or employee of Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd.

GPS Wealth Ltd Head Office Level 15,115 Pitt Street ,Sydney. NSW 2000 Tel: (02)8074 8599

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