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Low income super tax offset

To help you save for your retirement, the Government could boost your super savings by giving you a low income super tax offset (LISTO).

You may be eligible for a low income super tax offset if:

  • you or your employer have made before-tax contributions (including superannuation guarantee contributions) to a super fund during the financial year
  • your annual taxable income is $37,000 or less
  • you have not held a temporary resident visa at any time during the financial year (excluding New Zealand citizens in Australia)
  • you earn 10% or more of your total income from business or employment

The LISTO is 15% of the before-tax super contributions you or your employer make. The maximum you’ll receive for a financial year is $500 and the minimum is $10.

If you’re eligible for a LISTO and your Tax File Number is on file, the LISTO is paid directly to your super fund. It may take up to 14 months from the end of the financial year for the payment to reach your fund so make sure you check your Annual Statement each year.