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120 what is div 293? The sneaky tax!

Dev Raga Personal Finance

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How Do I Calculate My Div 293 Super Contributions?

Div 293 tax is calculated based on your div 293 income plus your div 293 super contributions. It's a way to equalize the tax concessions that higher income earners get by maximizing their super. So make sure you take this information and ask your accountant, particularly coming up to June 30th,. Ask them, am I going to be breaching my 250k threshold? And how do I calculate mydiv 293 super contributions? Okay. Now let's just bear with me here. We'll go into a little bit more detail about this div 293.

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