R5 Pre 1 July 1988 funding credits

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Show at R5 the amount that a complying superannuation fund chooses to reduce contributions that would otherwise be included in its assessable income, by applying that amount of available pre-1 July 1988 funding credits under section 295-265 of the ITAA 1997. Subsection 295-265(2) sets out the methodology to determine whether funding credits are available and subsections 295-265(5) and (6) limit the amount of funding credits that may be used.

R5 is used to determine R Assessable contributions.