27 February 2024 — podcasts

The dreaded Division 293 – an additional tax on super contributions

audio available
Written by bongiorno group

The “dreaded” Division 293 is an additional tax based on total income and adjusted taxable income, and which applies to both personal and employer contributions to superannuation.
The tax is calculated after the tax return is lodged and can be paid out of pocket or from the super fund.
The Bongiorno Group’s Senior Tax Manager Chantelle Turner and Ricky Caldow, Director, discuss how Div 293 is not indexed and is aimed at equalizing tax rates for high-income earners. It is important to seek professional advice on super contributions and repayment options.
Bongiorno Group


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