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ZoeMorco's avatar
ZoeMorco
4 years ago

Div 293 Management

Does anyone have any insight into what is the best way to deal with Div 293 through AE?   At the moment all we can do is say your ATI is above $250,000 so it may apply, but even the identification ...
Syed1's avatar
Syed1
MYOB Staff
4 years ago

 Hi ZoeMorco ,

 

Div 293 assessment is a separate assessment issued by the ATO, and it does not show in the tax estimate.

 

Because of the information that is required to calculate an accurate figure for Division 293 tax (mainly the employer contributions), it is only possible to be calculated by the ATO at this stage.

 

Please check the ATO link for more details:

https://www.ato.gov.au/individuals/super/in-detail/growing-your-super/division-293-tax---information-for-individuals/?anchor=WhodoesDivision293taxapplyto#WhodoesDivision293taxapplyto

 

Regards,

Syed

Customer Support Representative

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