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7 June 2022
Division 293 tax on concessional contributions by high-income earners
Division 293 tax is an additional tax on super contributions, reducing the tax concession for individuals whose combined income and concessional contributions for Division 293 purposes is more than $250,000.
Division 293 tax is charged at 15% of the excess over the threshold or the taxable super contributions, whichever is less.
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