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120 what is div 293? The sneaky tax!

Dev Raga Personal Finance

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Div293

You can't use super as a sort of a way to avoid your div293. Your super contributions is included in that threshold. So this may affect, you know, from a medical perspective,. This may affect registrars who are moving on to consultancy or fellowship. And it affects almost all consultants who are working full time. You know, most doctors or fellows who are fully qualified in Australia, working full time equivalent - they're probably breaching that $250,000 threshold for div293. The ATO think that it evens the playing field. It aims to even out the playing field as much as it can to some extent.

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