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Showing 1 - 10 of 73 results for "Low Income Super"

Increases coming for veterans' superannuation

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The government is increasing payments related to the Defence Force Superannuation Benefits program, Treasurer Jim Chalmers confirmed in the mid-year economic and fiscal outlook (MYEFO). Treasury said payments related to the Defence Force Superannuation ...

Treasury unveils major super tax changes

JAMIE WILLIAMSON  |  MONDAY, 13 OCT 2025
Treasurer Jim Chalmers has unveiled several major superannuation tax changes in a press conference this afternoon. Under the changes, the $3 million superannuation tax will be delayed until July 2026 to allow for a series of amendments and further consultation. ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... doing unpaid caring work." Among the primary recommendations, Rest also called for the government to update the Low Income Super Tax Offset policy settings to give a fairer deal to low-income earners. It also wants the government to fund and develop ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... with no savings," Kowalczyk said. "The lowest paid people in the country continue to be shortchanged with the Low Income Super Tax Offset (LISTO), paying a tax penalty that high income earners are not paying on their Superannuation Guarantee contributions. ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Women in Super appoints chair

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... retire on average with one third the super of men." She said the immediate focus for the group is fixing the Low Income Super Tax Offset inequality.

Government introduces gender pay gap bill

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... financial outcomes for women, the government can pay the super guarantee on paid parental leave and increase the low income super tax offset (LISTO). "Paying the super guarantee on paid parental leave, the same way as we do on wages, is one of the ways ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
Mercer has called for a fairer superannuation tax system, particularly for lower-income earners and women in its pre-budget submission. Mercer's proposed changes aim to improve the fairness of the super tax system, which currently has an inherent bias ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... workers in the second lowest tax bracket received no tax benefit on their super. It argued that the government's Low Income Super Tax Offset (LISTO) eligibility no longer supports lower income earners, who are most likely women, following 2017 increases ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... contributions above the threshold. For those whose income is below the effective tax-free threshold of $21,884, the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a ...
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