Key superannuation rates and thresholds

Low income superannuation contribution (LISC)

From 1 July 2012, the Government provides a low income superannuation contribution (LISC) of up to $500 annually for eligible individuals on adjusted taxable incomes of up to $37,000.

The amount payable under this measure will be calculated by applying a 15 per cent matching rate to concessional contributions made by, or for individuals on adjusted taxable incomes of up to $37,000, with an annual maximum amount payable of $500 (not indexed). The amount will be paid into a superannuation account of the individual to directly boost their retirement savings.

Concessional superannuation contributions made from 1 July 2012 will be eligible for the LISC. The first payments will be made in the 2013-14 income year.

For more information see Low income super contribution.

Sections within Government contributions

• Super co-contributions
• Co-contribution income thresholds
• Low income superannuation contribution (LISC)