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.

Division 293 tax is charged at 15% of an individual’s taxable concessional contributions above the $300,000 threshold (capped for 2012-13 at $25,000).

For members of a defined benefit fund, Division 293 tax may be calculated on notional contributions which are not capped.


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    Last modified: 16 Sep 2016QC 36272