Division 293 threshold
An individual's income is added to certain super contributions and compared to the Division 293 threshold. Division 293 tax is payable on the excess over the threshold, or on the super contributions, whichever is less. The rate of Division 293 tax is 15%.
Income year | Threshold |
|---|---|
2017–18 onwards | $250,000 |
2012–13 to 2016–17 | $300,000 |
For more information, see Division 293 tax on concessional contributions by high-income earners.
End of year interest
Where Division 293 tax relates to defined benefit interests, payment of the tax is deferred until a super benefit is paid from the interest. We must keep a debt account for each defined benefit interest where there is an amount of Division 293 tax that has been deferred.
End of year interest is calculated (at the average 10-year Treasury bond rate for that year) on the amount by which the deferred debt account is in debit at the end of the income year.
Income year | Average 10-year Treasury bond rate |
|---|---|
2023–24 | 4.2482% |
2022–23 | 3.6096% |
2021–22 | 2.1124% |
2020–21 | 1.1816% |
2019–20 | 1.0333% |
2018–19 | 2.2547% |
2017–18 | 2.7021% |
2016–17 | 2.4157% |
2015–16 | 2.6139% |
2014–15 | 2.9978% |
2013–14 | n/a (see Note 1) |
Note 1: end of year interest was not applied to deferred debt accounts for the 2013–14 income year.