Division 293 tax – information for individuals
Division 293 tax was introduced from the 2012–13 year to reduce the tax concession on superannuation contributions for individuals with income greater than $300,000 a year.
From 1 July 2017 onwards the Division 293 threshold will be $250,000.
Division 293 tax is charged at 15% of an individual’s taxable concessional contributions above the threshold.
For members of a defined benefit fund, Division 293 tax may be calculated on notional contributions which are not capped.
If you have received a Division 293 assessment for the first time, additional information is available.