Low-income superannuation tax offset

The low-income superannuation tax offset (LISTO) is a government super payment designed to help low-income earners save for their retirement.

If you’re eligible, the payment is 15% of your concessional (before-tax) contributions to super, up to a maximum of $500.

West State Super members are not eligible to receive a LISTO.

Who is eligible ?

You could be eligible for a LISTO payment if:

  • You or your employer made concessional contributions to your complying super fund that is a taxed scheme (such as GESB Super) in the financial year
  • Your adjusted taxable income is $37,000 or less for that financial year
  • You receive at least 10% of your total income as an employee or from running a business, or a combination of both
  • You have not held an ‘eligible temporary resident visa’ at any time during the financial year, unless you are a New Zealand citizen or hold a prescribed visa

How to receive the LISTO

You don't need to do anything to receive a LISTO payment. Just make sure you have:

  1. Lodged your income tax return. The Australian Taxation Office (ATO) will use information provided in your tax return to work out if you're eligible and will use information provided by your super funds to calculate your entitlement
  2. Provided your tax file number to us, or we won't be able to accept your LISTO payment

Visit the ATO website

Nurse washing hands

Meet Julie

Julie is a nurse who works part-time. She earns $36,000 a year from her job as a nurse. Over the last financial year, Julie's employer paid $3,420 into her GESB Super account.

Since Julie provided her tax file number to us, the ATO was able to work out that she is eligible for a low-income superannuation tax offset from the government.

After Julie lodges her tax return, the Commonwealth Government adds $500 to her super account.

More information

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Page last updated 18 March 2024

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