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Picture Book · Tax in depth

Division 293 in depth

Story pages

A woman in her late forties with dark curly hair walking out of a hospital entrance at dusk
Meet Nadia. She's 48, a specialist, and earns $240,000.
A tall wooden post marking the edge of a field
Division 293 tax applies when income plus concessional super contributions is more than $250,000.
A bucket filled to the brim with a little water spilling over the edge
Her employer contributes $15,000, taking her total to $255,000, which is $5,000 over.
A small pool of water collected in a saucer beneath the bucket
The extra tax is 15% of the amount over $250,000, or of her contributions if that's less. For Nadia, that's $750.
A sealed envelope resting on a doormat
The ATO sends a notice to her myGov inbox. She can pay it herself or ask to release the money from her super.
A woman in her late forties with dark curly hair at a kitchen table with a cup of tea
The threshold hasn't changed since 2017-18, so more people reach it as pay rises. Nadia factors it into her planning.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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