How the Division 293 Tax Works: Super Surcharge for High Earners
For most high-income earners, contributing to superannuation (super) is a tax-efficient way to save for retirement. However, there are tax rules in place to ensure fairness, especially as your income rises. Under Division 293 of the Income Tax Assessment Act, high-income earners may face an additional 15% tax on their concessional (before-tax) super contributions if […]
How the Division 293 Tax Works: Super Surcharge for High Earners Read More »