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Division 293 Assessments

The ATO has been using “Additional tax on concessional contributions (Division 293) assessments; with respect to liabilities relating to the 2018 income year. Division 293 imposes an additional 1% tax on certain concessional (ie. taxable) superannuation contributions. This means that impacted individuals may ultimately pay 30% tax (when the Division 293 tax is combined with […]

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