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R3 No TFN quoted contributions

Last updated 12 July 2020

Write at R3 all employer contributions received that were for a member who has not quoted a TFN.

The fund will be liable for an additional tax at a rate of 31.5% on these contributions. This additional tax must be paid regardless of any tax offsets and amounts the fund may have transferred under R6.

See example 4 for an illustration of how this additional tax must be applied.

R3 is used to determine R Assessable contributions.

Additional tax payable as a result of a member not quoting a TFN should be included in B Gross tax item 12.

QC20485