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 contributions to super, up to a maximum of $500. It applies from 1 July 2017. 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

The first step is to make sure you have 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.

Check that you have provided your tax file number to us, or we won’t be able to accept your LISTO payment.

For more information visit the ATO website.

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.

Previous initiative: low income super contribution

The low income super contribution (LISC) was a government super payment designed to help boost your retirement savings if you’re a low income earner. This initiative applies to the financial years between 1 July 2012 and 30 June 2017. Payments started from 1 July 2014 and will end on 30 June 2019.

If you’re eligible, the Commonwealth Government could make a payment equal to 15% of your concessional (before-tax) contributions up to a maximum amount of $500.

More information

Need help

  • Call us on 13 43 72
Page last updated 01 May 2020