How to pay the higher income earners super tax hit

SMSF technical expert and columnist for The Australian newspaper
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The ATO is busy issuing higher income earners with a new tax assessment for the 30% Higher Income Earners tax measure for the 2012/13 financial year.

If you have submitted your personal income tax return and your super fund has submitted its combined income tax and regulatory return, then you might have already received your assessment notice.

How to pay it

You need to check the notice carefully. Unfortunately, the ATO gives you just a short period of time to work out how you want to pay this tax.

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