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©G Dear2009 – Not to be sold/Free to use

DeductionsDeductionsHealth FundHealth FundStage 6 - Year 11Stage 6 - Year 11

Applied Mathematic(Preliminary General 1)

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Private Health Tax RebatePrivate Health Tax Rebate

Age of the oldest person covered by

the policy*

Amount of rebate

Less than 65 years 30% of the amount of premium paid

65 years to under-70 years

35% of the amount of premium paid

70 years or over 40% of the amount of premium paid

The percentage amount of the rebate.

It can be claimed directly from the Health Fundor as part of your annual tax refund

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Choose a Health FundChoose a Health Fund

Weekly = $46.55x 12 months÷ 52 weeks

= $10.74 per week

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Calculating the take home pay.Calculating the take home pay.

Max earns $802 per week as a bus driver

Tax = $180

Super = 6100

x $802= $48.12

Health Fund = $10.74

Take Home Pay = $802

- $180Pay Tax

- $48.12Super

- $10.74Health

= $563.14