Free guide · Designed PDF
Tax for High Income Earners
The levers that actually move a big tax bill, in plain English: the top brackets, super caps, Division 293, the CGT clock, and the traps between them.
What's Inside the Guide
- The Top Rate Is Not Your Rate
- Super: One Cap, Three Levers
- Division 293: the Quiet Extra 15%
- The CGT Clock Is Always Running
- Pull a Deduction Into This Year
- Trusts and Companies, Honestly
- The May Conversation
Who this one is for
This guide is for people on big incomes: partners and senior professionals, business owners paying themselves properly, executives with big salaries and the tax bills that follow them around. Not because high earners get secret rules, but because at those incomes the ordinary rules start doing extraordinary things, usually to you.
Above $190,000, the top rate plus the Medicare levy takes 47c of each extra dollar. Past $250,000, super quietly gets taxed harder too, and most people find that out from a bill they did not expect. The levers that answer all of this are boring, legal and time-sensitive, and almost every one of them closes on 30 June or the day you sign a contract.
If your return is one salary and a couple of deductions, this is more than you need; the deductions guide is the better download. This one is for the point where the numbers are big enough that the order you do things in starts costing real money.
Two identical incomes, two different bills
Two people can earn exactly the same amount and pay noticeably different tax, without either of them doing anything clever. One knew their cap space in May, timed a sale past the 12-month mark, and prepaid a deductible expense in June. The other found out what was possible in October. This guide is the May version.
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This guide is for general informational purposes only. It does not constitute personal tax or financial advice, and it does not take into account your objectives, financial situation or needs. Always consult a registered tax agent for advice specific to your circumstances. Summit Tax is a registered tax agent (26269305). The Tax Practitioners Board maintains a public register of registered tax agents at tpb.gov.au/public-register. If you have a concern about our service, please raise it with us first at info@summittax.com.au; you can also complain to the TPB at tpb.gov.au/complaints. Information current as at September 2026.
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