Low income super tax offset

The low income super tax offset (LISTO) is a government superannuation payment of up to $500 to help low-income earners save for retirement.

If you earn $37,000 or less a year, you may be eligible to receive a LISTO payment. This is usually paid directly into your super fund.

The LISTO is 15% of the concessional (before tax) super contributions you or your employer pays into your super fund.

The maximum payment you can receive for a financial year is $500, and the minimum is $10. If you're eligible for less than $10, we will round this up to $10.

You don't need to do anything to receive a LISTO. Just make sure your super fund has your tax file number (TFN) – without your TFN, your super fund cannot accept a LISTO payment.

LISTO replaces the low income super contribution (LISC) that was repealed from 1 July 2017. The last year of contributions eligible for LISC is 2016–17 with final determinations relating to years 2012–13 to 2016–17 to be processed on or before 30 June 2019. LISTO retains all of the same features as LISC and 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.

Find out about:

• Eligibility for the LISTO
• How to get your LISTO
• Calculating your LISTO