Co-contribution Thresholds and Low Income Super Tax Offset
| Year |
Lower Income Threshold |
Upper Income Threshold |
Max Entitlement |
| 2024-25 | $ | $ | $500 |
| 2023-24 | $43,445 | $58,445 | $500 |
| 2022-23 | $42,016 | $57,016 | $500 |
| 2021-22 | $41,112 | $56,112 | $500 |
| 2020-21 | $39,837 | $54,837 | $500 |
| 2019-20 | $38,564 | $53,564 | $500 |
| 2018-19 | $37,697 | $52,697 | $500 |
| 2017-18 | $36,813 | $51,813 | $500 |
| 2016-17 | $36,021 | $51,021 | $500 |
| 2015-16 | $35,454 | $50,454 | $500 |
| 2014-15 | $34,488 | $49,488 | $500 |
| 2013-14 | $33,516 | $48,516 | $500 |
| 2012-13 | $31,920 | $46,920 | $500 |
| 2011-12 | $31,920 | $61,920 | $1,000 |
| 2010-11 | $31,920 | $61,920 | $1,000 |
| 2009-10 | $31,920 | $61,920 | $1,000 |
| 2008-9 | $30,342 | $60,342 | $1,500 |
| 2007-8 | $28,980 | $58,980 | $1,500 |
| 2006-7 | $28,000 | $58,000 | $1,500 |
| 2005-6 | $28,000 | $58,000 | $1,500 |
| 2004-5 |
$28,000 |
$58,000 |
$1,500 |
| 2003-4 |
$27,500 |
$40,000 |
$1,000 |
The maximum co-contribution payment is reduced to $500. Matching rate is $0.50 per $1 contributed to non-concessional voluntary contributions. The taper rate is $1 reduction per $3 over the lower threshold. Income includes reportable Fringe Benefits and Salary Sacrifice contributions. Co-contribution is tax free. No co-contributions for those with account balances over $1.6m
The purpose of the Low Income Superannuation Tax Offset (LISTO) - previously LISC until 30/06/2017 - is to eliminate tax on super contributions for low income earners. It is calculated as 15% of eligible contributions up to a maximum of $500. Only available for adjusted taxable income below $37,000. No taper.