Did you know that there is a new system for paying Div 293 Tax? It's an important change and it's probably worth contacting us before you do anything with Div 293.

Having said that, by way of a quick update:

For those who've earned over $250k in 2018, have put money into super and want to pay the Div 293 tax payment from their super fund - they must send a request to the ATO that they want the money for the Div 293 tax payment withdrawn from their super fund. The ATO will then contact the super fund to get the money.

If this applies to you, to send the request, you can login to your myGov or contact us and we can lodge the request on the ATO portal - but PLEASE NOTE clients with an SMSF MUST WAIT to get a release authority from the ATO BEFORE paying the money from the SMSF. If the ATO doesn't have your super fund details, a paper form will be necessary.