The maximum annual government contribution The maximum annual government contribution is based on the contribution threshold that is indexed periodically in $500 increments. Income year Contribution threshold Maximum government contribution 2013-14 $6,000 $1,020 2012-13 $6,000 $1,020 2011-12 $5,500 $935 2010-11 $5,500 $935 2009-10 $5,000 $850 2008-09 $5,000 $850 Changes to first home saver accounts The […]
First Home Saver Account Cap
First Home Saver Account Cap The account balance cap on first home saver accounts is indexed periodically in $5,000 increments. Income year Account balance cap 2013-14 $90,000 2012-13 $90,000 2011-12 $85,000 2010-11 $80,000 2009-10 $75,000 2008-09 $75,000 Features of first home saver accounts The main features of first home saver accounts were: The government […]