• R3 No-TFN quoted contributions

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    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 it is zero then write 0.

    The fund will be liable for additional tax on these contributions at 31.5% 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 is applied.

    R3 is used to determine R Assessable contributions.

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

    If a member quotes their TFN in a subsequent year, a tax offset can be claimed at E2 No-TFN tax offset, but only for the additional tax paid on no-TFN quoted contributions (i.e. 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: 02 Jun 2014QC 35420