The MLS is a levy that high income earners have to pay if they don’t have an appropriate level of private hospital cover.
It’s calculated based on ‘income for Medicare Levy Surcharge purposes’ which includes things like taxable income, exempt foreign employment income, reportable fringe benefits, reportable superannuation contributions and total net investment losses.
If you hold any of the ahm hospital covers you’ll be exempt from paying the MLS.
For more information on the Medicare Levy Surcharge, visit privatehealth.gov.au
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