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About Your Benefit

Pension Administration Service | Bi-Annual Benefits | CPI Update | Latest Date | Medicare | Cessation

Medicare

Most working Australians are required to pay the Medicare Levy. This is currently 1.5% of your taxable income. However, some retired Members with more than one income, believe they pay the levy twice. This is not true. It's just that the method of assessing the levy gives that impression.

Each fortnight, tax installments (which include a component for the Medicare Levy) are deducted from your pension. The collection of the tax installment is based on an estimate of your known taxable income for the year (i.e. your superannuation pension).

When you lodge an income tax return with the Australian Taxation Office (ATO) showing your actual total income for the year, the correct level of taxation and Medicare Levy is determined. The tax installments already collected are then applied against your total taxable income. The result of this assessment is that you will either be entitled to a refund, or be required to pay some further tax.

We cannot tell you how much Medicare Levy is being deducted fortnightly. This information is only available from the ATO.

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Customer Service Centre

For information about your superannuation entitlement, the payment of your benefit or about any other superannuation related matter, contact the Customer Service Centre.

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