Additional tax on concessional contributions (Division 293)

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. Who […]

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