Instructions for retirement savings accounts (RSAs) providers only, to complete labels 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 1.
Complete item 19 – label U as it is mandatory.
Write at label U the no-TFN contributions income of the RSA provider. If zero, write 0.
Complete item 19 – label X as it is mandatory.
Write at label X the amount of further income tax payable on no-TFN contributions income written at label U above. If zero, write 0 . For the tax rate, see Appendix 1.
Include the amount at label X in the Calculation statement at label B Gross tax.
For more information on the further tax on no-TFN contributions, see Tax file numbers and super contributions.
Write at item 19 – label 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.
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