Low income super tax offset

The Low Income Super Tax Offset (LISTO) is a government measure to help lower income earners grow their super.

Individuals with adjusted taxable income of $37,000 or less may qualify for the offset.

The offset was introduced by the government to compensate some lower income earners for the contributions tax paid, which may have been more than the personal income tax payable if they’d received the amount as salary or wages.

How do I qualify for the offset?

A person may qualify for the offset if:

  • They receive concessional super contributions
  • Their adjusted taxable income does not exceed $37,000; and
  • At least 10% of their total income for the year is from employment where they are treated as an employee, running a business, or a combination of both.
  • They do not hold a temporary resident visa.

The offset is calculated as 15% of the person’s concessional contributions for the year, up to a maximum of $500. The offset is paid directly by the Australian Tax Office (ATO) to your LGIAsuper account.

The ATO works out adjusted taxable income by adding a number of income sources to taxable income, including:

  • Adjusted fringe benefits
  • Some foreign income
  • Net investment and rental property losses
  • Tax-free pensions and benefits; and
  • Deductible super contributions

Other help for low income earners

The government’s co-contribution scheme may also help low income earners who make personal super contributions.

You can read more information about the co-contribution scheme here.

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