Division 293 Tax Calculator
Calculate the extra 15% super tax that applies when your income plus concessional contributions exceed $250,000.
| Combined Income | $0 |
| Div 293 Taxable Amount | $0 |
| Standard Super Tax (15%) | $0 |
| Effective Super Tax Rate | — |
How Division 293 Tax Works
Division 293 is an extra 15% tax on concessional super contributions for high-income earners. It was introduced to reduce the tax concession available to those earning over $250,000, ensuring they pay at least 30% on their super contributions instead of the standard 15%. It is a different tax from Division 296, which works on balances over $3 million rather than on income. Division 293 and Division 296 are separate taxes. Division 296 works on your total super balance, and our Division 296 calculator shows it in dollars.
The $250,000 Threshold
Division 293 applies when your income for surcharge purposes plus your low-tax concessional contributions exceed $250,000. Income for this purpose includes:
- Taxable income (including salary, business income, rental income)
- Reportable fringe benefits total
- Total net investment losses
- Reportable employer super contributions (salary sacrifice amounts)
Calculating the Tax
The tax is 15% on the lesser of:
- Your total concessional contributions, or
- The amount by which your combined income exceeds $250,000
For example: income of $260,000 and contributions of $27,600 — combined = $287,600, which is $37,600 over $250,000. The Div 293 taxable amount is min($27,600, $37,600) = $27,600. Tax = $27,600 × 15% = $4,140.
A worked example
Take $260,000 of taxable income with $30,000 of concessional contributions. Combined income is $290,000, which clears the $250,000 threshold by more than the contributions themselves, so the Division 293 taxable amount is the full $30,000. The extra 15% adds $4,500, taking the effective tax on those contributions to 30.0%.
Is Salary Sacrifice Still Worth It?
Yes, for most high-income earners. Even at a 30% effective super tax, those on the 37% or 45% marginal rate save 7% or 15% respectively compared to receiving the income. The break-even point is only if you could invest the funds personally at equivalent returns with lower tax — which is rarely the case given super's long-term compounding and eventual tax-free retirement benefits.