Section 22: Contributions to superannuation fund

22. Contributions to superannuation fund (1) Subject to subsection (2), an employer may deduct any amount irrevocably paid by him to provide— (a) a pension or retirement allowance to his employees and their dependants under a superannuation fund; and (b) for the medical expenses of his employees and their dependants under a scheme approved by the Director-General. (2) Notwithstanding section 18, where an amount paid by an employer under subsection (1) is a lump sum payment in respect of past services of employees, one-tenth of the payment shall be deductible in the income year in which the payment is made and in each of the 9 succeeding years.