LISTO – Low Income Superannuation Tax Offset

The Low Income Superannuation Tax Offset (LISTO), if legislated, replaces the LISC – it is a government super contribution to offset up to $500 in contributions tax for low income earners. It was announced in the 2016 Budget.

First tranche of Budget 2016 superannuation draft legislation released

The Government has released draft legislation for some of the changes to superannuation announced in the 2016 Budget. However the draft legislation does not include some of the more controversial changes, such as the $500,000 lifetime non-concessional contributions cap. Update #2: the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill… Read More »First tranche of Budget 2016 superannuation draft legislation released