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For tax relief you might want to take this

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For tax relief you might want to take this Powered By Docstoc
					For tax relief you might
want to take this
You could be paying more tax than you need to                                            MBF hospital cover is an ideal remedy
Tax — it’s hard to take, even at the best of times. So imagine                           If you suffer from the extra tax symptoms, all you need to do
how you’d feel knowing you could be paying more tax than                                 is take out MBF hospital cover with an Excess of $500 or less
you need to. Now that would be hard to swallow. But don’t                                per person. That way you can avoid the additional Medicare
be concerned, because it’s treatable with the help of MBF.                               levy surcharge next financial year. After all, it’s your choice
                                                                                         really — you can give a minimum of $500 to the tax office,
Do you suffer from these extra tax symptoms?                                             or contribute it towards your MBF hospital cover.
  • Single and have a total taxable income of more than                                  Of course, MBF hospital cover isn’t just good for your financial
      $50,000 a year                                                                     health — it’s also a very positive step for your own physical
                                                                                         wellbeing. With a range of MBF hospital cover options to suit
  • Couple or family and have more than $100,000*
                                                                                         most life stages and budgets, you’ll easily find the right one
      combined total, taxable income a year
                                                                                         for you. Please be sure to read a copy of the MBF product
  • Don’t have a level of private hospital cover with an                                 brochure and MBF Healthcare Cover Guidelines before joining.
      Excess of $500 per person or less                                                  So come tax time, you too could enjoy a tax relief remedy
If you suffer from any two of the above symptoms your                                    thanks to MBF.
Medicare levy increases from 1.5% to 2.5%. Which means,                                  Please be sure to ask your accountant, financial adviser or
you could be paying a minimum $500 extra in tax per year.                                tax specialist for tax advice in relation to the Medicare levy
And, the more you earn, the more tax you pay. By taking out                              surcharge.
any level of MBF hospital cover with an Excess of $500 per
person or less, your Medicare levy drops back to 1.5%.
*Threshold increases by $1,500 per child after the first child.


Here’s just how much extra tax you could be paying every year
            Total taxable                        Extra 1% Medicare levy                                Total taxable              Extra 1% Medicare levy
             income ($)                           you pay each year ($)                                 income ($)                 you pay each year ($)
                                     Singles                                                      Singles, couples and families (with up to 1 dependant)
                50,000                                       500                                         100,000                           1,000
                60,000                                      600                                          110,000                           1,100
                70,000                                       700                                         120,000                           1,200
                80,000                                      800                                          130,000                           1,300
                90,000                                      900                                          140,000                           1,400



To ease your tax symptoms
Call MBF on 1300                653 525,
visit your local MBF Member Centre,
or simply login to Member Online Services on the
RecruitmentSuper website and visit the Member Benefits page.


MBF Australia Limited ABN 81 000 057 590 A registered health benefits organisation MBFHC 0090a 06/06

				
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Description: For tax relief you might want to take this