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Income Tax Act 2007

Income - Excluded income - Fringe benefits

CX 13: Contributions to superannuation schemes

You could also call this:

“Employer payments to your superannuation scheme”

When your employer puts money into a superannuation scheme for you, it’s considered a fringe benefit. This means it’s an extra benefit you get from your job, on top of your regular pay.

However, there’s an exception to this rule. If your employer’s contribution is what’s called an “employer’s superannuation cash contribution”, then it’s not treated as a fringe benefit under this section of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513358.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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“Tax-free services for current and former MPs counted as fringe benefits”

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CX 14: Contributions to sickness, accident, or death benefit funds, or

“Employer payments to health and life insurance funds count as a benefit”

Part C Income
Excluded income: Fringe benefits

CX 13Contributions to superannuation schemes

  1. A fringe benefit arises when an employer contributes to a superannuation scheme for the benefit of an employee.

  2. This section does not apply if the contribution is an employer's superannuation cash contribution.

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Notes
  • Section CX 13(2): substituted (with effect on 1 April 2008), on , by section 52(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section CX 13 list of defined terms employer's superannuation cash contribution: inserted (with effect on 1 April 2008), on , by section 52(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section CX 13 list of defined terms employer's superannuation contribution: repealed (with effect on 1 April 2008), on , by section 52(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).