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New Zealand law explained for everyone

Income Tax Act 2007

Income - Excluded income - Fringe benefits

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

You could also call this:

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

You get a fringe benefit when your employer adds money to a fund that helps you if you get sick, have an accident, or die. This fund is called a sickness, accident, or death benefit fund. The money your employer puts into this fund for you is seen as an extra benefit on top of your regular pay.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513360.

Topics:
Money and consumer rights > Taxes
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CX 13: Contributions to superannuation schemes, or

“Employer payments to your superannuation scheme”

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“How employer contributions to funeral savings accounts are treated for tax purposes”

Part C Income
Excluded income: Fringe benefits

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

  1. A fringe benefit arises when an employer makes a contribution for the benefit of an employee to a sickness, accident, or death benefit fund.

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