A government program called the Low Income Super Tax Offset (LISTO) aims to increase low-income people’s retirement savings. The Centrelink $500 ATO Low Income Super Tax Offset 2025 will be directly into your super account if your annual income is less than $37,000. A portion of the tax that your super fund withholds from your concessional payments is essentially returned via this offset. You must file a tax return, make concessional payments to your super fund, and have an adjusted taxable income of $37,000 or less, to satisfy the Centrelink $500 ATO Low Income Super Tax Offset Eligibility 2025. After determining your eligibility, the ATO deposits the LISTO into your super account automatically.
Centrelink $500 ATO Low Income Super Tax Offset 2025
A government program called the Low Income Super Tax Offset (LISTO) aims to increase low-income people’s retirement savings. The Centrelink $500 ATO Low Income Super Tax Offset 2025 rebate will be directly into your super account if your annual income is less than $37,000. A portion of the tax that your super fund withholds from your concessional payments is essentially returned via this offset.
You must make concessional contributions to your super fund, file a tax return, and have an adjusted taxable income of $37,000 or less to be eligible. Your eligibility is assessed by the ATO, which then instantly deposits the LISTO into your super account. Up to a maximum of $500, the LISTO amount is determined by taking 15% of your concessional payments. Through a tax break on their super payments, this program seeks to assist low-income taxpayers, especially women and younger workers.
Centrelink $500 ATO Low Income Tax Benefit
| About | Centrelink $500 ATO Low Income Tax Benefit |
| Country | Australia |
| Year | 2025 |
| Centrelink $500 ATO Low Income Super Tax Offset Eligibility 2025 | Refer to the article |
| Category | Finance |
| Official Website | https://www.ato.gov.au/ |
Eligibility Criteria for Centrelink $500 ATO Low Income Super Tax Offset
To satisfy the Centrelink $500 ATO Low Income Super Tax Offset Eligibility 2025, you’ll need to meet the following criteria:
- Adjusted Taxable Income: $37,000 or less.
- Concessional Contributions: You or your employer must have made concessional contributions, including SG contributions, to a complying super fund.
- Tax File Number (TFN): Your super fund must have your TFN.
- Tax Return: You must lodge a tax return, and at least 10% of your total income came from employment, business income, or a combination of both.
- Residency: You didn’t hold a temporary resident visa during the year (except for New Zealand citizens in Australia)
The LISTO is a government initiative designed to boost retirement savings for low-income earners, refunding up to $500 of tax paid on concessional contributions.
How Centrelink $500 ATO Low Income Super Tax Offset work in 2025?
The Low Income Super Tax Offset (LISTO) is a government initiative designed to boost retirement savings for low-income earners. If you earn under $37,000 a year, you’re eligible for a rebate of up to $500, paid directly into your super account by the Australian Taxation Office (ATO).
How LISTO Works:
- Eligibility: You need to have an adjusted taxable income of $37,000 or less, make concessional contributions to your super fund, and lodge a tax return.
- Offset Amount: The LISTO is 15% of before-tax super contributions, up to a maximum of $500.
- Payment: The ATO automatically calculates and pays the LISTO into your super account after you lodge your tax return.
Benefits of LISTO:
- Tax Savings: LISTO refunds some of the tax your super fund deducts from your concessional contributions.
- Retirement Boost: It helps low-income earners save more for retirement.
To claim LISTO, ensure your super fund has your Tax File Number (TFN) and lodge your tax return. The ATO will handle the rest.
Centrelink $500 ATO Low Income Super Tax Offset 2025: Fact Check
Fact Check: True
Indeed, the Centerlink $500 ATO Low Income Super Tax Offset 2025 exists. The goal of this government program is to increase low-income people’ retirement savings by returning up to $500 in tax paid on concessional contributions.
Steps to Apply:
- Ensure your adjusted taxable income is $37,000 or less, and you’ve made concessional contributions to your super fund.
- Confirm your super fund has your Tax File Number (TFN) on record.
- Submit your tax return for the year, ensuring at least 10% of your income comes from employment or business.
- The ATO will automatically calculate and pay the LISTO into your super account.
- Check your super account or annual statement for the LISTO refund.
FAQs On Centrelink $500 ATO Low Income Super Tax Offset 2025
What is the Income Limit?
$37,000 or less adjusted taxable income
Explain the Concessional Contributions?
You or your employer must have made concessional contributions, including SG contributions, to a complying super fund.
