Online Tax Savings Calculator

Welcome to our online tax savings calculator. It’s designed to help you work out whether you will have to pay the Australian Government’s Medicare Levy Surcharge – a 1% surcharge added to your tax return if you exceed a specified income threshold and don’t have private hospital cover.

Will you pay the Medicare Levy Surcharge in 2011/12?

You can find out more about the Medicare Levy Surcharge (not to be confused with the initial 1.5% Medicare Levy that most Australians already pay) and the current thresholds on our Pay Less Tax page.