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Income Tax Act 2007

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

RD 68: Choosing to have amount treated as salary or wages

You could also call this:

“You can choose to have your employer's superannuation contributions treated as salary”

If your employer makes a superannuation cash contribution for you, you can choose to have some or all of it treated as salary or wages under the PAYE rules. To do this, you need to agree with your employer. Once you make this choice, it stays in effect until you tell your employer that you want to change it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520170.

Topics:

Money and consumer rights > Taxes

Money and consumer rights > Savings and retirement

RD 67B: Calculating amounts of tax following changes to rates or thresholds, or

“How to calculate tax on super contributions when rates or thresholds change”

RD 69: Choosing different rates for employer's superannuation cash contributions, or

“Selecting different rates for employer super contributions (no longer applies)”

Part R General collection rules
Employment-related taxes: Calculating amounts of tax

RD 68Choosing to have amount treated as salary or wages

With the agreement of their employer who makes an employer's superannuation cash contribution on their behalf, an employee may choose to have some or all of an employer's superannuation cash contribution made on their behalf treated as salary or wages under the PAYE rules.
The employee's election is valid until they notify their employer of its revocation.

Compare

2004 No 35 s NE 2A(1), (2)

Notes

Section RD 68(1) heading: inserted (with effect on 1 April 2008), on 6 October 2009, by section 521(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68(1): amended (with effect on 1 April 2008), on 6 October 2009, by section 521(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68(2) heading: added (with effect on 1 April 2008), on 6 October 2009, by section 521(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68(2): added (with effect on 1 April 2008), on 6 October 2009, by section 521(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68(2): amended, on 2 June 2016, by section 61(1) of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).
Section RD 68 list of defined terms employer's superannuation cash contribution: inserted (with effect on 1 April 2008), on 6 October 2009, by section 521(4) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68 list of defined terms employer's superannuation contribution: repealed (with effect on 1 April 2008), on 6 October 2009, by section 521(4) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Section RD 68 list of defined terms notify: inserted, on 2 June 2016, by section 61(2) of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).