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  • Introducing a Low Income Superannuation Tax Offset (LISTO)

    In the 2016-17 Budget it was announced that from 1 July 2017 a Low Income Superannuation Tax Offset will be introduced.

    This will be a tax offset available to superannuation funds based on the tax paid on concessional contributions made on behalf of low income earners. The offset will mean that individuals with an adjusted taxable income up to $37,000 will receive a refund into their superannuation account of the tax paid on their concessional superannuation contributions, to a cap of $500.

    LISTO will provide continued support for low-income earners and ensure that generally they do not pay more tax on their super contributions than on their take-home pay. Eligible individuals will be paid via a contribution benefit into their fund account. The effect of the LISTO payment to the individual’s account is to offset the tax their superannuation fund pays on their contributions.

    The ATO will determine a person’s eligibility for the Low Income Superannuation Tax Offset and advise their superannuation fund annually.

    Legislation and supporting material

    Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016External Link received Royal Assent on 29 November 2016.

    We are committed to providing public advice and guidance to complement the legislation that has been introduced. Further details can be found here.

    Find out more

      Last modified: 15 May 2017QC 48869