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  • R3 No-TFN quoted contributions

    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

    Show at R3 all employer contributions received that were for a member who has not quoted a TFN, unless an exception applies under subsection 295-610(2) of the ITAA 1997. If zero write zero.

    The fund will be liable for an additional tax at a rate of 31.5% on these contributions for complying superannuation funds and 1.5% for non-complying superannuation funds. The effect of the additional tax is that the no-TFN quoted contribution is subject to an overall tax rate of 46.5%.This additional tax must be paid regardless of any tax offsets and amounts the fund may have transferred under R6.

    See Example 5 for an illustration of how this additional tax must be applied.

    R3 is used to determine R Assessable contributions.

    Show additional tax payable as a result of a member not providing a TFN at JTax on no-TFN quoted contributions item 12 and include it at B Gross tax item 12.

    If a member subsequently quotes their TFN, a tax offset can be claimed at E2 No-TFN tax offset, but only for the additional tax paid on no-TFN quoted contributions (31.5% for complying superannuation funds and 1.5% for non-complying superannuation funds) in one of the most recent three income years. See instructions at E2 for details.

    Last modified: 13 Feb 2019QC 25835