Australia Div 293 Tax Calculator
Calculate Division 293 15% extra tax on superannuation contributions for high income earners earning over A$250,000 threshold under ATO rules.
1How to Use Australia Div 293 Tax Calculator
Division 293 of the Income Tax Assessment Act 1997 reduces the tax concession on superannuation contributions for individuals with combined income and super exceeding A$250,000.
- Step 1.Enter your annual taxable income for Division 293 purposes in Australian Dollars (A$).
- Step 2.Enter concessional super contributions (employer SG + salary sacrifice).
- Step 3.View the additional Division 293 15% tax assessment and total super tax.
- Step 4.Review net superannuation capital retained inside your super fund.
2Formulas, Methodology & Key Features
Division 293 Statutory Formula
Division 293 imposes an extra 15% tax on the lower of taxable super contributions or the amount by which combined income exceeds $250,000:
3Australia Div 293 Super Tax Matrix (A$)
| Taxable Income (A$) | Super Contrib (A$) | Div 293 Extra Tax | Total Super Tax (30%) | Net Super Retained |
|---|---|---|---|---|
| A$240,000 | A$30,000 | A$3,000 | A$7,500 | A$22,500 |
| A$260,000 | A$30,000 | A$4,500 | A$9,000 | A$21,000 |
| A$300,000 | A$30,000 | A$4,500 | A$9,000 | A$21,000 |
| A$400,000 | A$30,000 | A$4,500 | A$9,000 | A$21,000 |
?Frequently Asked Questions (FAQ)
Common questions answered about Australia Div 293 Tax Calculator.
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