The cap on the amount of contributions which can participate in the First Home Super Saver Scheme will be $50,000 (currently $30,000) from 1 July 2022.
FHSSS
What is the First Home Super Saver Scheme?
The First Home Super Saver Scheme (FHSSS) is intended to assist individuals entering the property market by allowing them to save on tax and receive higher earnings than if the money was invested in a bank account.
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