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2nd March 2012
Individuals and families may not be eligible for the full 30% rebate for their private health insurance premiums from 1 July 2012 with the government introducing new means testing on the 30% private health insurance rebate.
Individuals earning more than $83,000, or families earning more than $166,000, would start to lose the rebate in the 2012-13 financial year. In the 2012-13 financial year, the rebate would only cut out completely for singles once they were earning more than $129,000 a year and for families earning $258,000 or more.
Along with this, the rate of Medicare levy surcharge for individuals and families without private patient hospital cover may increase depending on their level of income.
For more info, feel free to give us a call, 07 4662 3722.
Where is the market taking you?
31st May 2013
Will you benefit from this years’ budget? How is the Australian economy performing and what does the future hold? Find out at Breakfast at BMO with Tony Harte. Read More
BankLink Books Software Update
10th May 2013
Important upgrade for Banklink Books clients. If you are currently using the BankLink Books program you are required to upgrade your software. Please read instruction carefully. Read More
Use the rate cut wisely
8th May 2013
The Reserve Bank’s decision this week to cut interest rates by 25 basis points to a historic low of 2.75 per cent has come as a surprise to many economists who had expected the RBA to wait until June or later to lower rates. Read More