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28 Nov 2024

I want to avoid a big Division 293 tax bill at the end of the year. Can I instruct my employers payoll to adjust my contributions to avoid this, or to pay it as I go in each pay period? If so, what should I say to them?


Thanks

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TobyJDodd(Devotee)Registered Tax Professional
30 Nov 2024

Hi @darren_hallett


No to both your options.


You can’t really avoid Div293 tax unless you make less than the div 293 taxable thresholds.


Toby

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Division 293 tax: avoiding end of year tax bill | ATO Community