• Division 293 tax – information for tax agents

    Division 293 tax

    Division 293 tax is the tax paid by individuals which reduces the superannuation tax concession they receive. It was announced in the 2012 federal Budget as the Reduction of higher tax concession for contributions of very high income earnersExternal Link measure.

    From 1 July 2012, individuals with total earnings for Division 293 tax greater than $300,000 have had to pay tax on taxable contributions above a $300,000 threshold.

    From 1 July 2017, individuals with total earnings for Division 293 tax greater than $250,000 will have to pay tax on taxable contributions above a $250,000 threshold. The Division 293 tax rate is 15%.

      Last modified: 07 Dec 2016QC 36275