Show download pdf controls
  • Annual reports – Low income superannuation tax offset

    Report from the Commissioner of Taxation under subsection 12(G)(2) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 and related regulations on the working of the Act during the period:

    1 July 2021 to 30 June 2022

    The number of beneficiaries of a LISTO entitlement with an adjusted taxable income

    2,218,479

    The number of beneficiaries of a LISTO entitlement with an estimated adjusted taxable income

    246,267

    The total number of beneficiaries of a LISTO entitlement

    2,464,746


    The amount of LISTO entitlements made with an adjusted taxable income

    $553,978,000

    The amount of LISTO entitlements made with an estimated adjusted taxable income

    $35,072,000

    The total amount of LISTO entitlements made

    $589,050,000


    The total amount of LISTO entitlements recovered

    $11,082,000


    NOTES:

    This report includes entitlements determined during the 1 July 2021 to 30 June 2022 financial year.

    1. A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
    2. Each beneficiary is only counted once regardless of the number of entitlements received for the financial year.
    3. The total amount recovered includes all amounts overpaid as a result of a subsequent amendment to an individual’s income tax assessment or a change to the superannuation contributions reported for that individual.
    4. Both the total amount of low income superannuation tax offset entitlements determined and the total amount recovered are rounded up to the next whole $1,000


    The number of beneficiaries with an adjusted taxable income, or estimated adjusted taxable Income, in each of the following ranges

    Adjusted taxable income range

    LISTO beneficiaries relating to 2017–18

    LISTO beneficiaries relating to 2018–19

    LISTO beneficiaries relating to 2019–20

    LISTO beneficiaries relating to 2020–21

    LISTO beneficiaries relating to 2021–22

    Total LISTO beneficiaries determined in 2020–21

    Under $0

    2

    15

    38

    418

     

    473

    $0 to $999

    512

    1,956

    306,498

    18,237

     

    327203

    $1,000 to $1,999

    56

    164

    2,308

    10,183

     

    12711

    $2,000 to $2,999

    46

    151

    2,605

    12,910

     

    15712

    $3,000 to $3,999

    54

    137

    2,553

    14,825

    1

    17570

    $4,000 to $4,999

    63

    148

    2,639

    16,436

     

    19286

    $5,000 to $5,999

    56

    166

    2,856

    18,020

    1

    21099

    $6,000 to $6,999

    52

    172

    2,989

    19,725

     

    22938

    $7,000 to $7,999

    78

    165

    3,203

    20,949

     

    24395

    $8,000 to $8,999

    85

    159

    3,130

    22,927

     

    26301

    $9,000 to $9,999

    78

    207

    3,141

    24,620

     

    28046

    $10,000 to $10,999

    71

    198

    3,252

    26,691

     

    30212

    $11,000 to $11,999

    84

    203

    3,208

    28,270

     

    31765

    $12,000 to $12,999

    79

    240

    3,364

    29,560

     

    33243

    $13,000 to $13,999

    94

    259

    3,232

    31,451

     

    35036

    $14,000 to $14,999

    100

    286

    3,174

    33,873

     

    37433

    $15,000 to $15,999

    103

    294

    3,223

    35,752

     

    39372

    $16,000 to $16,999

    101

    336

    3,185

    38,195

     

    41817

    $17,000 to $17,999

    124

    370

    3,286

    41,811

    1

    45592

    $18,000 to $18,999

    167

    454

    3,637

    45,430

     

    49688

    $19,000 to $19,999

    177

    471

    3,820

    48,633

     

    53101

    $20,000 to $20,999

    222

    602

    4,197

    53,413

     

    58434

    $21,000 to $21,999

    167

    649

    4,536

    58,466

     

    63818

    $22,000 to $22,999

    174

    674

    4,111

    66,476

     

    71435

    $23,000 to $23,999

    180

    771

    3,799

    77,158

     

    81908

    $24,000 to $24,999

    175

    794

    3,996

    75,664

     

    80629

    $25,000 to $25,999

    196

    943

    4,192

    79,068

     

    84399

    $26,000 to $26,999

    172

    941

    4,029

    82,348

     

    87490

    $27,000 to $27,999

    165

    893

    4,135

    84,711

     

    89904

    $28,000 to $28,999

    171

    933

    4,055

    87,677

     

    92836

    $29,000 to $29,999

    148

    935

    4,140

    91,649

    1

    96873

    $30,000 to $30,999

    155

    934

    4,107

    94,747

     

    99943

    $31,000 to $31,999

    166

    927

    4,167

    96,804

     

    102064

    $32,000 to $32,999

    161

    1,012

    4,205

    99,723

     

    105101

    $33,000 to $33,999

    159

    1,033

    4,277

    101,647

     

    107116

    $34,000 to $34,999

    203

    1,115

    4,460

    102,564

     

    108342

    $35,000 to $35,999

    194

    1,199

    4,724

    103,797

     

    109914

    $36,000 to $37,000

    333

    1,324

    5,671

    104,219

     

    111547

    Total

    5,323

    22,230

    438,142

    1,999,047

    4

    2,464,746

    Notes:

    1. The high volume of beneficiaries with an adjusted taxable income of between $0-$999 relates to the ATO's processing of non-lodger low income superannuation tax offset entitlements for prior years.
      Last modified: 06 Oct 2022QC 60070