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  • How much your Division 293 tax will be

    If your Division 293 income plus your Division 293 super contributions exceed the Division 293 threshold, you are taxed at 15% on either your contributions, or the amount that is over the threshold – whichever amount is lower.

    We calculate your Division 293 tax amount by:

    • determining your Division 293 income
    • determining your Division 293 super contributions
    • adding your Division 293 income and your Division 293 super contributions.

    The tax applied will be 15% of the taxable contributions.

    Example: Your Division 293 tax

    Division 293 income

    $240,000

    Division 293 super contributions

    $15,000

    Total

    $255,000

    Division 293 taxable contributions are the lesser of Division 293 super contributions ($15,000) or the amount above the $250,000 threshold ($5,000).

    Division 293 tax payable is 15% of $5,000.

    Division 293 tax payable is $750.

    End of example

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      Last modified: 18 May 2021QC 36272