Interest paid / repayment of Superannuation refund
10/01/1995
Query
an individual who had previously taken a refund of superannuation contributions subsequently repays the refund. The individual is charged "interest" to restore the actuarial value of the refund received.
Decision
The "interest" is a superannuation contribution and qualifies for relief when paid.
Income Tax
Section 776, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT 95 1503