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The Medicare Levy Surcharge works like an additional tax and applies to Australian residents for taxation purposes who are high income earners and don't have an appropriate level of hospital cover.he Medicare Levy Surcharge works like an additional tax and applies to Australian residents for taxation purposes who are high income earners and don't have an appropriate level of hospital cover.
The pension protection levy is one of the ways that the PPF funds the compensation payable to members of schemes that transfer to the Pension Protection Fund (PPF).he administration levy is set by the Department for Work and Pensions. Broadly speaking it covers part of our operating expenditure related to delivering schemes through the PPF assessment process and administering the pension protection levy.