Harper News



Save health, and tax, with a salarysacrificed e-bike

Salary sacrificing a “company car” is a popular option, however you may not be aware that there is also a tax and health incentive with another particular set of wheels — an electrically assisted bicycle (e-bike).

[Read more...]

Net medical expenses tax offset is phasing out

Draft legislation was introduced in the 2013 budget to phase out the net medical expense tax offset (NMETO), which has finally been passed into law. It means that the offset will disappear by the end of the 2018-19 income year, with some interim transitional arrangements put in place between now and July 1, 2019.

[Read more...]

Tax guide on the National Disability Insurance Scheme

The National Disability Insurance Scheme (NDIS) came into effect on July 1, 2013. Under the new system, disability support will be provided to eligible participants or their representatives on their behalf. 

[Read more...]

Private health insurance rebate: FAQs

 By now, most people would know that the private health insurance rebate is being income-tested – effectively meaning that if you have private health insurance, the rebate you are entitled to receive depends on your annual income, your age and the number of dependent children you have. The table on page 2 summarises the thresholds, which are indexed annually.

[Read more...]

Private health insurance – tax return changes

From the 2012–13 financial year (so for your current tax return), the private health insurance rebate is being income tested against three income tier thresholds. This means if you have private health insurance, the amount of rebate you will be entitled to receive is reduced if your income is more than certain threshold income amounts (see table below). 

[Read more...]

Increase in Medicare levy to affect other tax rates

By now, most of you will be aware of the government’s decision to increase the Medicare levy by 0.5% to fund Australia’s Disability Care program. From July 1, 2014, the Medicare levy will increase from 1.5% to 2% of taxable income. What many people may not realise however is that the Medicare levy increase will cause a number of other tax rates to increase by 0.5% as well.

[Read more...]

Medical expenses: What can you claim?

Changes announced in the latest Federal Budget mean that from July 1, 2012, the Net Medical Expenses Tax Offset will have two income-based thresholds, both indexed annually. A lower threshold ($2,060 for 2011-12) applies to individuals with an annual taxable income of less than $84,000 and less than $168,000 for couples and families, and a higher threshold ($5,000) applies to those earning more.

[Read more...]


 The government has committed $3.7 billion to a 10-year plan to revamp the aged care system by encouraging more people to keep their home and stay in it as they receive aged care. The aged care reform - known as Living Longer Living Better - is set to roll out on July 1, 2012.

[Read more...]

Pre-paying private health insurance

The private health insurance rebate is to be means tested from July 1, 2012, which will see the 30% rebate drop to 20% for singles earning more than $84,000 and families on $168,000.

It will then fall to 10% for incomes of $97,000 and $194,000 respectively before dropping to zero at incomes above $130,000 and $260,000

[Read more...]

Private health insurance rebate update

During April, the government released updated figures for the private health insurance rebate. The latest figures mean that singles earning more than $130,001 and families earning more than $260,001 will lose access to their private health insurance rebate under the new means test coming into effect on July 1, 2012.


[Read more...]

Contact Us

Please fill out the form below and we will get back to you as soon as possible.

* Required
Business Diagnostic Tool

Health 180 Business Diagnostic

Reveals the most effective way for you to improve your business, plus the key areas for you to start on right now ...

First time users: click the Registration button, otherwise click the Login button

Use Promo Code:  AID0744-02N




Online Calculator

Click here to use our Online Calculator

Privacy Statement  |  3/506 Nepean Highway (PO Box 11040) Frankston Vic Australia 3199  |  Tel 03 9770 1547
Harper Group Pty Ltd ABN 19 067 923 611  |  © 2013 Harper Financial Group Pty Ltd  ABN 46 124 548 812