Low income super contribution
The low income super contribution (LISC) 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 LISC payment directly into your super fund.
You don't need to do anything to receive a LISC. Just make sure your super fund has your tax file number (TFN) – without your TFN, your super fund cannot accept a LISC payment.
The LISC is 15% of the concessional (before tax) super contributions you or your employer pays into your super fund for the 2012–13 to the 2016–17 financial years.
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.
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