HomeSMSF NewsAbout the Low Income Super Contribution (LISC)

About the Low Income Super Contribution (LISC)

The government also provides a low income super contribution of up to $500 annually for eligible individuals on adjusted taxable income of up to $37,000.

The amount payable under this measure is calculated by applying a 15% matching rate to concessional contributions made by of for eligible individuals.

This is only a short-term measure, as the Low Income Super Contribution (LISC) will cease at 30 June 2017.

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Diana Morris founded The SMSF Accountant in 2010. Diana is a member of both CPA Australia and Chartered Accountants Australia and New Zealand and an affiliate of The Tax Institute. She holds a current public practice certificate, and is a registered tax agent. Diana has completed a Bachelor of Commerce degree and a Graduate Diploma of Chartered Accounting.