If you’re looking to take that first step on the homeownership ladder, the Federal Government’s First Home Super Saver Scheme will help you save for a deposit by salary sacrificing into your superannuation account.
- available from 1 July 2017;
- voluntary contributions of up to $15,000 per year and $30,000 in total
- concessional tax rate of 15%; and
- contributions and deemed earnings, net of tax, able to be withdrawn from 1 July 2018.
Want to know about how the Scheme could benefit you? Head to the Government’s online estimator to find out more about the advantages of saving for a home deposit through superannuation.
