Section Sch6-2 — Income Tax Act 2007: Retirement scheme contributions

2 Retirement scheme contributions The retirement scheme prescribed rate for a person in relation to a retirement scheme contribution made for them is set out in table 2. Table 2 Row Conditions Prescribed rate 1 For a person other than a person described in any of rows 2 to 7. 0.330 2 For a person who, in either of the 2 income years before the income year in which the contribution is made, derives more than $48,000 but not more than $70,000 in taxable income. 0.300 3 For a person who is not a person described in row 2 and who, in either of the 2 income years before the income year in which the contribution is made, derives more than $14,000 but not more than $48,000 in taxable income. 0.175 4 For a person who is not a person described in row 2 or 3 and who, in either of the 2 income years before the income year in which the contribution is made, derives taxable income of $14,000 or less. 0.105 5 For a non-resident person to whom a distribution of no more than $200 is made by a retirement scheme contributor that is a Maori authority. 0.105 6 For a non-resident person who supplies a retirement scheme contributor that is a Maori authority with a notice under section 28C of the Tax Administration Act 1994. 0.105 7 For a non-resident person in relation to a contribution that consists of non-resident passive income. 0.000 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. Schedule 6 table 2 row 1: amended, on 1 October 2010, by section 40(a) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Schedule 6 table 2 row 2: amended, on 1 October 2010, by section 40(b) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Schedule 6 table 2 row 3: amended, on 1 October 2010, by section 40(c) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Schedule 6 table 2 row 4: amended, on 1 October 2010, by section 40(d) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Schedule 6 table 2 row 5: amended, on 1 October 2010, by section 40(e) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Schedule 6 table 2 row 6: amended, on 1 October 2010, by section 40(f) of the Taxation (Budget Measures) Act 2010 (2010 No 27).