SMSF – ATO finalises its position in relation to event-based reporting
After detailed consultation with the self-managed super fund (SMSF) sector, the ATO announced today that its i
In the 2016-17 Federal Budget, the government announced that it will continue the pause on indexation of the income thresholds for the Medicare levy surcharge and private health insurance rebate for a further three years from 1 July 2018 to 30 June 2021. This change is not yet law.
Under the current law, indexation of the income thresholds for the Medicare levy surcharge and private health insurance rebate have been paused for three years from 1 July 2015 to 30 June 2018.
A table of the income thresholds can be found at the link below.