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19. Retirement savings accounts (RSAs) providers only

Instructions for retirement savings accounts (RSAs) providers only, to complete labels U to V.

Last updated 18 December 2023

Appendix 7 for RSA tax rates

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

Complete U as it is mandatory.

Write at U the no-TFN contributions income of the RSA provider. If zero, write zero (0).

X – Income tax payable on no-TFN contributions income

Complete X as it is mandatory.

Write at X the amount of further income tax payable on no-TFN contributions income written at U above. If zero, write zero (0). 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.

Continue to: 20. Foreign income tax offset

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