For the purposes of Sections 774/776 “remuneration” does not include payments which are chargeable to tax under Section 123. PREC
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. The “interest” is a superannuation contribution and qualifies for relief when paid. IT 95 1503