Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

47B: RSCT statements provided by retirement scheme contributor or retirement savings scheme

You could also call this:

"Retirement schemes must tell the Commissioner how much they withheld from your contributions"

Illustration for Tax Administration Act 1994

When you contribute to a retirement scheme, the scheme might withhold some money as RSCT. You need to know that the scheme must give a statement to the Commissioner. The statement shows how much you contributed and how much RSCT was withheld. The scheme must provide the statement in a form that the Commissioner likes. The statement also shows other details that the Commissioner wants. The scheme must give the statement by the 20th of the next month. The Commissioner gets the statement to know about the RSCT. The scheme gives the statement after withholding the RSCT from your contribution. You can find more information about this in the Taxation (Business Taxation and Remedial Matters) Act 2007.

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This page was last updated on 28 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1261649.

Topics:

Money and consumer rights > Savings and retirementMoney and consumer rights > Taxes

47: ESCT statements provided by employers and others, or

"Telling the tax department about employer superannuation payments"

48: Special arrangements for supply of information by employer or PAYE intermediary to Commissioner, or

"Special rules for employers to give information to the tax office"

Part 3Information, record-keeping, and returns
Returns: Fringe benefits

47BRSCT statements provided by retirement scheme contributor or retirement savings scheme

This section applies when a retirement scheme contributor or retirement savings scheme withholds an amount of RSCT from a retirement scheme contribution other than a contribution made by way of an imputation credit or Maori authority credit.
The contributor or scheme must provide to the Commissioner a statement in a form acceptable to the Commissioner showing the amount of retirement scheme contribution, the amount of RSCT relating to the contribution, and any other particulars required by the Commissioner.
The statement must be provided no later than the 20th of the month after the month in which the amount was withheld.

Compare

2004 No 35 s NEB 3(1)(b)

Notes

Section 47B: inserted, on 1 April 2008, by section 205 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).