First Home Saver Accounts (FHSAs) were a 2007 election policy of the Australian Labor Party under the First Home Saver Account Act . They were available to Australians from 2008 to 2015. History For each dollar contributed to a FHSA during a financial year, the government contributed 17 ce...
What is a First Home Savings Account (FHSA)? The First Home Savings Account (FHSA) is intended to assist you in making tax-free savings for your first house. First-time homebuyers can open a first...
Financial year, Effective period, Annual dividend ; 2022/2023, 01.10.2022 - 30.09.2023, 4.50% ; 2021/2022, 01.10.2021 - 30.09.2022, 2.50% ; 2020/2021, 01.10.2020 - 30.09.2021, 1.00% ; 2019/2020, 01.10.2019 - 30.09.2020, 1.20% ; 2018/2019, 01.10.2018 - 30.09.2019, 1.00%
A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).
From 1 July 2017, eligible individuals can make voluntary contributions to their superannuation account under a First Home Super Saver (FHSS) Scheme . The Scheme enables individuals to save for their first home and take advantage of the concessional taxation arrangements that apply in the superannuation system. A FHSS tax is payable if the individuals do not either purchase their first home within a specified period or recontribute an amount into superannuation. An individual is eligible to part...
Personalised service with a branch manager every step of the way ; Access to competitive interest rates to help your child save ; Kids receive statements in their name so they can watch their savings grow
Essentials at a glance ; What's the interest rate? · 4.00% gross/AER, variable (until 19 November 2024) 3.75% gross/AER, variable (from 20 November 2024) ; Can you take money out? · Yes: no notice and no penalty ; Will you pay tax? · Yes: tax on your gross interest
Under the Australian Government’s First Home Super Saver scheme, eligible first home buyers can withdraw some of their voluntary super to help buy their first home. Find out how voluntary contribut...
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How does it work? ; The FHOG is a national scheme funded and administered by each of the states and territories under their own legislation. It’s not means tested, which means your eligibility isn’t subject to financial considerations such as your income. The grant amount, eligibility criteria and payment details of FHOG vary between states and territories, so it’s important to check with your Home Lending Specialist when you apply for a home loan. The grant is usually paid to your home le...