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  • 19. Retirement savings accounts (RSAs) providers only

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Only RSA providers are to complete U to V.

    RSA providers other than life insurance companies work out the RSA component of their taxable income and apply the applicable rate to that component. For information on the tax rate, see appendix 7.

    U - No-TFN contributions income

    Write at U the no-TFN contributions income of the RSA provider. If zero, write zero (0). This label must be completed as it is mandatory.

    X - Income tax payable on no-TFN contributions income

    Write at X the amount of further income tax payable on no-TFN contributions income written at U above. If zero, write zero (0). This label must be completed as it is mandatory. For the tax rate, see appendix 7.

    Include the amount at X in B Gross tax, in the Calculation statement.

    For more information on the further tax on no-TFN contributions, see Tax file numbers and super contributions.

    V - Net taxable income from RSAs

    Write at V the RSA component of the taxable income of the RSA provider that is not a life insurance company, or the amount to be included in the complying superannuation class of the taxable income of a life insurance company that is referable to RSAs provided by the company.

    Last modified: 12 Feb 2019QC 48080