TAX GUIDE · 2025–26

What Is the Medicare Levy and Do You Have to Pay It?

SS Traders  ·  May 2026  ·  6 min read

Every year, millions of Australians pay the Medicare Levy without really understanding what it is, who pays it, or whether they can reduce or avoid it. If you've noticed a 2% deduction on your payslip or tax return and wondered what it's for — this guide is for you.

What Is the Medicare Levy?

The Medicare Levy is a charge applied to your taxable income to help fund Australia's public health system. For most Australians, it is set at 2% of your taxable income for 2025–26.

SalaryMedicare Levy (2%)
$70,000$1,400/year
$100,000$2,000/year
$130,000$2,600/year

Who Has to Pay the Medicare Levy?

Most Australian residents who lodge a tax return pay the full 2% levy. However, there are exceptions.

You may be exempt if:

Low-income thresholds for 2025–26:

CategoryThreshold
IndividualsBelow ~$26,000
FamiliesBelow ~$43,800 (+ ~$4,000 per dependent child)
Seniors and pensionersHigher thresholds apply

What Is the Medicare Levy Surcharge?

The Medicare Levy Surcharge (MLS) is an additional charge on top of the standard 2% — and only applies if you earn above $93,000 as a single and do not hold an approved private hospital health insurance policy.

IncomeSurcharge Rate
$93,001 – $108,0001.0%
$108,001 – $144,0001.25%
$144,001 and above1.5%

For many higher earners, taking out basic private hospital cover (from ~$1,200–$1,800/year) actually saves money compared to paying the surcharge.

How Is It Collected?

For employees, the Medicare Levy is withheld from your pay throughout the year as part of your PAYG withholding — the same process that collects income tax. When you lodge your annual tax return, the ATO reconciles the amount withheld against your actual income. If too much was withheld, you get a refund. If too little, you pay the difference.

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Key Takeaways

Disclaimer: This article is for educational purposes only and does not constitute financial or tax advice. Always consult a registered tax agent for personalised advice. SS Traders — Data-driven financial education for Australians.