Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

General collection rules - General withholding and payment obligations

RA 6B: Withholding and payment obligations for retirement scheme contributions

You could also call this:

“Rules for deducting and paying tax on retirement savings contributions”

If you put money into a retirement savings scheme, you need to take out some of that money and send it to the Commissioner. This money is called RSCT, which stands for retirement scheme contribution tax. You have to do this by certain dates. The rules for how much to take out and when to send it are explained in another part of the law called subpart RH.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1630908.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
Previous

RA 6: Withholding and payment obligations for passive income, or

“Rules for withholding tax on income from investments”

Next

RA 6C: Withholding and payment obligations for residential land, or

“Rules for paying tax when selling residential land”

Part R General collection rules
General withholding and payment obligations

RA 6BWithholding and payment obligations for retirement scheme contributions

  1. A person who makes a contribution to a retirement savings scheme must withhold and pay RSCT for the contribution to the Commissioner under subpart RH (Withholding tax on retirement scheme contributions) by the due dates.

Compare
Notes
  • Section RA 6B: inserted, on , by section 522 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).