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  • Annual reports – Low income superannuation tax offset

    Low income superannuation tax offset (LISTO) annual reports from the Australian Taxation Office (ATO).

    On this page

    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 2022 to 30 June 2023

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

    2,432,945

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

    239,813

    The total number of beneficiaries of a LISTO entitlement

    2,672,758

     

    The amount of LISTO entitlements made with an adjusted taxable income

    $641,444,000

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

    $32,286,000

    The total amount of LISTO entitlements made

    $673,730,000

     

    The total amount of LISTO entitlements recovered

    $12,538,000

    Notes:

    This report includes entitlements determined during the 1 July 2022 to 30 June 2023 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 2019–20 and earlier

    LISTO beneficiaries relating to 2020-21

    LISTO beneficiaries relating to 2021-22

    LISTO beneficiaries relating to 2022-23

    Total LISTO beneficiaries determined

    Under $0

    10

    30

    480

    0

    520

    $0 to $999

    11,424

    293,895

    22,672

    1

    327,992

    $1,000 to $1,999

    196

    1,862

    14,210

    0

    16,268

    $2,000 to $2,999

    169

    2,160

    17,113

    0

    19,442

    $3,000 to $3,999

    167

    2,253

    19,984

    0

    22,404

    $4,000 to $4,999

    169

    2,466

    22,830

    0

    25,465

    $5,000 to $5,999

    175

    2,486

    25,611

    0

    28,272

    $6,000 to $6,999

    202

    2,565

    28,161

    0

    30,928

    $7,000 to $7,999

    202

    2,504

    30,347

    0

    33,053

    $8,000 to $8,999

    171

    2,584

    32,848

    0

    35,603

    $9,000 to $9,999

    197

    2,559

    34,901

    0

    37,657

    $10,000 to $10,999

    195

    2,573

    38,229

    0

    40,997

    $11,000 to $11,999

    203

    2,361

    40,417

    0

    42,981

    $12,000 to $12,999

    211

    2,336

    42,802

    0

    45,349

    $13,000 to $13,999

    211

    2,379

    45,610

    0

    48,200

    $14,000 to $14,999

    248

    2,310

    47,747

    0

    50,305

    $15,000 to $15,999

    253

    2,324

    51,308

    0

    53,885

    $16,000 to $16,999

    246

    2,276

    54,564

    0

    57,086

    $17,000 to $17,999

    266

    2,372

    59,208

    0

    61,846

    $18,000 to $18,999

    318

    2,653

    64,586

    0

    67,557

    $19,000 to $19,999

    326

    2,658

    68,150

    0

    71,134

    $20,000 to $20,999

    408

    2,916

    71,933

    0

    75,257

    $21,000 to $21,999

    428

    2,930

    74,714

    0

    78,072

    $22,000 to $22,999

    402

    3,454

    79,276

    0

    83,132

    $23,000 to $23,999

    305

    3,926

    88,768

    0

    92,999

    $24,000 to $24,999

    348

    3,785

    83,107

    0

    87,240

    $25,000 to $25,999

    316

    3,942

    87,360

    0

    91,618

    $26,000 to $26,999

    324

    3,774

    87,023

    0

    91,121

    $27,000 to $27,999

    325

    3,593

    87,924

    0

    91,842

    $28,000 to $28,999

    333

    3,652

    89,057

    0

    93,042

    $29,000 to $29,999

    334

    3,839

    90,104

    0

    94,277

    $30,000 to $30,999

    371

    3,845

    90,206

    0

    94,422

    $31,000 to $31,999

    363

    3,855

    91,328

    0

    95,546

    $32,000 to $32,999

    415

    3,924

    90,861

    0

    95,200

    $33,000 to $33,999

    521

    3,877

    92,181

    0

    96,579

    $34,000 to $34,999

    574

    4,118

    93,047

    0

    97,739

    $35,000 to $35,999

    713

    4,326

    93,294

    0

    98,333

    $36,000 to $37,000

    938

    4,711

    93,746

    0

    99,395

    Total

    22,977

    404,073

    2,245,707

    1

    2,672,758

    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: 05 Sep 2023QC 60070