19B
In forceAmount payable for salary sacrifice contributions to allow for the contributions tax payable
Part 3Employee contributions and salary sacrifice contributions
19B Amount payable for salary sacrifice contributions to allow for the contributions tax payable
The amount payable to the Fund in respect of a salary sacrifice contribution in respect of a contributor is the amount that is necessary for an amount at the rate specified in accordance with this Part to be retained in the contributor’s account out of the salary sacrifice contribution after the tax amount is deducted under section 12 (3) (a1).
This Act’s bill:Explanatory memorandum
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