Additional tax on concessional contributions (Division 293) – for individuals

Division 293 tax is an additional tax on super contributions, which reduces the tax concession for individuals whose combined income and contributions are greater than the Division 293 threshold.

From 1 July 2017, the Division 293 threshold is $250,000. Prior to this, it was $300,000.

Division 293 tax is charged at 15% of an individual’s taxable contributions.

How you will know if you have to pay

You will be sent a notice of assessment once we receive both your income and contribution information.

If you lodge your tax return using myTax, your notice of assessment will be sent to your myGov Inbox. If you want your notice of assessment to go to your registered tax agent instead, you will need to ask them to update your communication preferences.

When you lodge your tax return

If your income indicates that you will be above the Division 293 threshold we will remind you about Division 293 tax when you prepare your tax return online.

Your notice of assessment will only be sent to you once we have also received the contribution information from your super fund.

Find out about:

• Who does Division 293 tax apply to?

See also:

• Changes to the threshold amount
• Communication preferences