WEBVTT

00:00:00.000 --> 00:00:03.040
Have a DVA gold card, but still paying

00:00:03.040 --> 00:00:05.640
the Medicare levy? You may qualify for a

00:00:05.640 --> 00:00:08.440
full or half exemption. But having a

00:00:08.440 --> 00:00:10.520
gold card doesn't automatically mean

00:00:10.520 --> 00:00:12.240
every member of your household is

00:00:12.240 --> 00:00:15.520
exempt. Your entitlement dates and

00:00:15.520 --> 00:00:17.960
family circumstances matter. The

00:00:17.960 --> 00:00:20.280
relevant condition is entitlement to

00:00:20.280 --> 00:00:22.880
full free medical treatment for all

00:00:22.880 --> 00:00:25.560
conditions under your Veterans Affairs

00:00:25.560 --> 00:00:27.040
gold card.

00:00:27.040 --> 00:00:28.880
That can qualify you for the medical

00:00:28.880 --> 00:00:31.240
exemption category. You don't have to

00:00:31.240 --> 00:00:33.680
remain a serving ADF member to qualify

00:00:33.680 --> 00:00:35.480
through your gold card.

00:00:35.480 --> 00:00:37.680
Here's the simplest example. You meet

00:00:37.680 --> 00:00:40.160
the gold card medical condition and have

00:00:40.160 --> 00:00:41.680
no dependents.

00:00:41.680 --> 00:00:43.840
You can generally claim a full Medicare

00:00:43.840 --> 00:00:46.800
levy exemption for the eligible days.

00:00:46.800 --> 00:00:49.200
If your entitlement started partway

00:00:49.200 --> 00:00:51.520
through the year, don't automatically

00:00:51.520 --> 00:00:54.160
claim the entire year. Check the actual

00:00:54.160 --> 00:00:56.520
dates, including any other exemption you

00:00:56.520 --> 00:00:58.240
qualified for.

00:00:58.240 --> 00:00:59.960
If you have a partner or dependent

00:00:59.960 --> 00:01:02.240
children, the answer needs another

00:01:02.240 --> 00:01:04.519
check. For example, if your only

00:01:04.519 --> 00:01:07.240
dependent is your spouse and they have

00:01:07.240 --> 00:01:09.360
to pay the Medicare levy, you can

00:01:09.360 --> 00:01:13.040
generally qualify for a full exemption.

00:01:13.040 --> 00:01:15.280
But if that spouse is neither exempt nor

00:01:15.280 --> 00:01:17.680
required to pay the levy, a half

00:01:17.680 --> 00:01:20.960
exemption may apply instead. Children

00:01:20.960 --> 00:01:23.760
can also affect the result. Your gold

00:01:23.760 --> 00:01:26.200
card doesn't automatically extend your

00:01:26.200 --> 00:01:29.200
tax exemption to your family.

00:01:29.200 --> 00:01:31.960
A half exemption reduces the Medicare

00:01:31.960 --> 00:01:34.880
levy. It doesn't halve your income tax.

00:01:34.880 --> 00:01:37.840
And a DVA white card, which provides

00:01:37.840 --> 00:01:40.240
more limited treatment coverage, doesn't

00:01:40.240 --> 00:01:44.600
by itself establish this gold card

00:01:44.600 --> 00:01:46.840
The Medicare levy surcharge is also a

00:01:46.840 --> 00:01:48.320
separate question.

00:01:48.320 --> 00:01:50.640
Have your circumstances checked before

00:01:50.640 --> 00:01:53.160
changing private health cover.

00:01:53.160 --> 00:01:55.360
Give your accountant your DVA

00:01:55.360 --> 00:01:58.520
entitlement information and Medicare

00:01:58.520 --> 00:02:00.720
levy exemption certificate, if

00:02:00.720 --> 00:02:03.280
available. Along with your spouse's

00:02:03.280 --> 00:02:06.479
income and dependent details.

00:02:06.479 --> 00:02:09.160
Check MyService for your tax documents,

00:02:09.160 --> 00:02:11.880
or contact DVA if you need confirmation

00:02:11.880 --> 00:02:13.800
of your entitlement dates.

00:02:13.800 --> 00:02:15.840
Have a gold card and unsure whether your

00:02:15.840 --> 00:02:18.560
Medicare levy is correct? Book a review

00:02:18.560 --> 00:02:23.160
with DefenceTax. Visit

00:02:23.160 --> 00:02:27.120
or call 0418327096.

00:02:28.680 --> 00:02:31.160
Book with Garry Angus at DefenceTax

00:02:31.160 --> 00:02:34.000
today for specialist veteran tax
