CANBERRA, ACT, Oct. 13 -- The Treasurer of Australia issued the following media release:
The Albanese Government is delivering more help to low‑income workers and reforming the superannuation system to make it stronger, fairer and more sustainable.
We are boosting the low‑income superannuation tax offset (LISTO) and making a number of important changes to better target superannuation concessions for large balances.
We will increase the LISTO by $310 to $810 and raise the eligibility threshold from $37,000 to $45,000 from 1July 2027.
This will help deliver a more secure retirement for 1.3million Australians, of which around 60percent are women, with the total number of Australians eligible for LISTO increasing to 3.1million....