Increase in Medicare Levy Low Income Thresholds

From the 2008/09 year, the Medicare levy low-income thresholds will be increased to $17,794 for individuals and $30,025 for individuals in families. The additional amount of threshold for each dependent child or student will also increase to $2,757.

Further, the government will increase the Medicare levy low-income threshold for pensioners below Age Pension age to $25,299, with effect from 1 July 2008.