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120 what is div 293? The sneaky tax!

Dev Raga Personal Finance

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How to Calculate Your Excess Super Contributions Tax

The ATO will include the extra $10,000 she has contributed to a super as part of her income. It's a bit unfortunate though that they've reduced the threshold from $300,000 to $250. But you're still kind of benefiting by maximizing a superannuation anyway. So hope this clarifies how the excess super contributions are taxed.

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