Div 293: When you're too good at superannuation

If you’ve received a surprise letter from the ATO about something called “Division 293 tax,” here’s what you need to know – what it is, why it exists and what it means for you. What is Division 293 tax? Division 293 tax is an extra tax on super contributions for high-income earners. Normally, when your employer puts money into your super (the compulsory 11.5% Super Guarantee which is about to...