Low Income Super Contribution Posted on November 28, 2012 - 8:30 am by Sliver and Young The Government has introduced a new super payment called the Low Income Super Contribution (LISC). The LISC payment took effect from 1 July 2012. Those eligible must have an adjusted taxable income not exceeding $37,000 of which 10% or more is derived from business or employment, and have made concessional contributions to a complying super fund during that year. The maximum LISC payable is $500 and the minimum is $20. The LISC is calculated by taking 15% of concessional contributions made from 1 July 2012. The LISC is paid directly to a nominated super fund on lodgement of the income tax return, after processing and matching details of the super contributions are made for the year.