Section Sch1-7-dup2 — Income Tax Act 2007: Retirement scheme contributions

7 Retirement scheme contributions The payment rate for an amount of a retirement scheme contribution made by a retirement scheme contributor for a person is set out in table 5. Table 5 Row Conditions Payment rate 1 The person responsible for withholding RSCT— (a) has been notified under section 28C of the Tax Administration Act 1994 that 12.5 or 10.5 cents in the dollar is the person's retirement scheme prescribed rate; and (b) has been supplied with the tax file number of the person. 0.105 2 The person is a non-resident and a distribution of no more than $200 is made to them by a retirement scheme contributor that is a Maori authority. 0.105 3 The person responsible for withholding RSCT— (a) has been notified under section 28C of the Tax Administration Act 1994 that 21 or 17.5 cents in the dollar is equal to or greater than the person's retirement scheme prescribed rate; and (b) has been supplied with the tax file number of the person. 0.175 4 The person responsible for withholding RSCT— (a) has been notified under section 28C of the Tax Administration Act 1994 that 33 or 30 cents in the dollar is equal to or greater than the person's retirement scheme prescribed rate; and (b) has been supplied with the tax file number of the person. 0.300 5 When none of rows 1 to 4 apply. 0.330 How to use this table: Find the applicable condition in the second column, in order to find the relevant rate to apply, in the third column.