The 2013 Private Health Insurance Annual Statements contain crucial new information, because the rebate (generally received by the health insurance fund) will be means tested. The medical expense rebate in 2014 is conditional upon having a claim (even $1) in 2013, so don’t forget this information. Refunds of income tax after 1st July 2013 must be credited to a bank account, in the same name as the taxpayer (or the tax agents trust account). Medicare Levy has increased by .25% for single taxpayers above $97,001 and by .5% for single taxpayers above $130,001 PAYG tables will reflect this for employees. Department of Human Services (old Centrelink) have just recently declared that they will no longer send Payment Summaries to pensioners. They will be available upon request. Are you happy to spend hours on hold waiting to make a request? Taxpayers are being forced to obtain this on-line. A tax agent can obtain the details from the Australian Taxation Office or with some difficulty from DHS. . . . . . . . . . . .
10th-July-2013 | 