Calculate the Division 293 additional tax (15%) on concessional super contributions for high-income earners in Australia. Applies when income + concessional contributions exceed $250,000.
| Item | Amount |
|---|
Division 293 imposes an additional 15% tax on concessional super contributions made by or for individuals whose combined income and concessional contributions exceed $250,000. This means high earners pay an effective 30% tax rate on their concessional contributions (15% in the fund + 15% Div 293), matching the top personal marginal rate more closely.
The ATO issues a Division 293 assessment after your tax return is lodged. You can pay the tax from your super fund (release authority) or personally. It applies to the lower of: (a) concessional contributions, or (b) the amount by which income + contributions exceed $250,000.