Section DC 6 — Income Tax Act 2007: Contributions to employees’ benefit funds

DC 6 Contributions to employees’ benefit funds Deduction (1) An employer is allowed a deduction for an amount that they pay to, or set aside as, a fund to provide individual personal benefits to their employees if— (a) the fund is not a superannuation scheme; and (b) the employees’ rights to receive benefits from the fund are fully secured. Link with subpart DA (2) This section supplements the general permission and overrides the capital limitation. The other general limitations still apply. Defined in this Act: amount , capital limitation , deduction , employee , employer , general limitation , general permission , pay , superannuation scheme , supplement , Compare: 2004 No 35 s DC 5