Tax Planning Strategy 158 | Low Income Superannuation Tax Offset
The Low-Income Superannuation Tax Offset ((LISTO) allows individuals with an adjusted taxable income of $37,000 or less to receive an effective refund of the tax paid on their concessional contributions, up to a cap of $445. The offset cuts out completely at a taxable income of $66,667.
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2