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  SuperannuationContributionsLow Income Super Tax Offset (LISTO)      Monday, 17 May 2021  

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Low Income Super Tax Offset (LISTO)


   
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Pre 1 July 2017

If a member’s adjusted taxable income is under $37,000 and either they or their employer has made concessional contributions into their SMSF by 30 June 2017, they will be entitled to a refund of the 15% contribution tax up to $500 paid by their SMSF on the concessional contributions.

 

From 1 July 2017

The low income superannuation contributions tax offset (LISTO) replaces the Low Income Super Contributions Tax Refund (LISC) from 1 July 2017.

To be eligible, at least 10% of the member’s income must be from business and/or employment and they must not hold a temporary residence visa

See link below for details

 


This page was last edited on 6 January 2021

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