Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
RD 36: Repayment of employment-related loans
or “Paying back loans from your job with your work income”
You could also call this:

“How employer contributions to your superannuation scheme are valued”

When your employer contributes to a superannuation scheme for you, the value of this benefit is the amount your employer puts in. This means if your employer pays $100 into your superannuation scheme, the value of the benefit is $100.

If your employer is registered for GST and can claim input tax for their contribution to your superannuation scheme, the amount includes GST. So, if your employer contributes $115 (including GST), the whole $115 is counted as the value of the benefit, not just the amount before GST.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: RD 38: Contributions to funds, trusts, and insurance premiums

or “Employer payments for employee benefits and insurance”
Next

Part R General collection rules
Employment-related taxes: Value of fringe benefits

RD 37Contributions to superannuation schemes

  1. The value of a benefit that an employer provides in contributing to a superannuation scheme for an employee is the amount of the contribution made by the employer.

  2. In this section, for a registered person who may claim input tax for a contribution to a superannuation scheme, amount means the GST-inclusive amount.

Compare