Election Form Div 293

Individuals can get division 293 tax due and payable election form nat 74988 and the division 293 tax deferred debt account election form nat 74989 as a paper copy by using our automated self help publications ordering service at any time you need to know the full title of the publication or the nat number see above to use this service.

Election form div 293. It can also be used where an unsuccessful release has previously occurred and you want to choose a different fund account. Use this form if you are a member of military superannuation and benefits scheme militarysuper and you want militarysuper to deduct your division 293 tax debt account discharge liability from your militarysuper benefit. Who should use this form.

When you click on the ato service at the mygov site it takes you back to the ato website so you end up in an endless loop and. The ato website directs you to mygov to complete this form but there is nowhere to access the form online at mygov. To make your request you must use an election form which is a document that you complete and send to us.

Select the super tab from the top menu scroll down the fly out menu and select manage. The ato is reminding taxpayers and tax practitioners that the process to release money from super fund accounts to pay additional tax on concessional contributions referred to as division 293 changed on 1 july 2018. How do you complete a division 293 election form online.

The fund has 20 days to action the release authority and report back to us. The division 293 tax is imposed at 15 of your taxable superannuation contributions where your income is over 250 000. Once you ve signed into our online services via mygov.

To access the division 293 election form online you ll need to have a mygov account which you ve linked to our online services. When to use this form. To lodge your division 293 election form online you ll need to have a mygov account which you ve linked to our online services.

Once we receive your completed div 293 due and payable election form we ask your nominated super fund to release the amount elected and send the money to us. If more than 20 days has passed and we have not received the payment you should contact your fund directly. Select the super tab from the top menu scroll down the fly out menu and select manage.