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Income Tax Act 2007

General collection rules - Employment-related taxes - Calculating amounts of tax

RD 67: Calculating amounts of tax for employer’s superannuation cash contributions

You could also call this:

"How to work out tax on employer superannuation cash contributions"

Illustration for Income Tax Act 2007

You need to calculate the amount of tax for an employer's superannuation cash contribution. The amount of tax is determined under schedule 1, part D, clause 1, unless other rules apply. You can find these rules in the clause 1 of the schedule. You might pay 33% of the employer's superannuation cash contribution if it is made for a past employee. This rule does not apply if another rule applies. Another rule is that you might pay 39% of the employer's superannuation cash contribution if it is to a defined benefit fund and the employer chooses this rate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520168.

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Money and consumer rights > Taxes
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Part RGeneral collection rules
Employment-related taxes: Calculating amounts of tax

RD 67Calculating amounts of tax for employer’s superannuation cash contributions

  1. The amount of tax for an employer’s superannuation cash contribution is—

  2. the amount determined under schedule 1, part D, clause 1 (Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits), unless paragraph (b) or (c) applies; or
    1. 33% of the employer’s superannuation cash contribution, if the contribution is made by a person for the benefit of 1 or more of their past employees and paragraph (c) does not apply; or
      1. 39% of the employer’s superannuation cash contribution, if an employer chooses 39% and the contribution is to a defined benefit fund.

        Notes
        • Section RD 67: replaced (with effect on 1 April 2021), on , by section 159 of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).