Low Income Super Tax Offset

The Low Income Superannuation Tax Offset (LISTO) is a government payment made into an eligible member’s super fund. It refunds the 15% tax paid on concessional contributions, helping low-income workers receive a fair tax benefit on their superannuation.

Eligibility

Eligible Members with an adjusted taxable income of up to $37,000 (up to 30 June 2027) will receive a LISTO contribution equal to 15% of their total concessional contributions. The maximum payment Trustees can receive for a financial year is $500.

To be eligible for LISTO, Members must meet the following criteria:

• Concessional (before-tax) contributions have been made to a complying SMSF by you or your employer during the financial year.
• Your adjusted taxable income is $37,000 or less for the financial year (up to 30 June 2027).
• You have not held a temporary resident visa at any time during the income year
  (New Zealand citizens in Australia may still be eligible).
• You have lodged your income tax return, and at least 10% of your total income is from employment, carrying on a business, or a combination of both.

Eligible members do not need to apply for LISTO. The ATO automatically determines eligibility and pays the refund directly into the super account once the member’s TFN is quoted in the super fund.

If Members have reached their preservation age and retired, they can apply to have the LISTO paid to them directly by doing either of the following:

• Lodge a request through myGov, or
• Complete an Application for payment of ATO-held superannuation money form (NAT 74880)