1 July 2022 to 30 June 2023

2022–23 Low income superannuation tax offset report

Last updated 9 October 2024

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.

A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
Each beneficiary is only counted once regardless of the number of entitlements received for the financial year.
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.
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:

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.

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