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 […]
Superannuation Taxation Arrangements
Superannuation Taxation Arrangements Superannuation taxation arrangements should be reformed to place policy settings on a more sustainable footing over the long term. Superannuation taxation arrangements should be targeted to achieve the objectives of the superannuation system, reduce the cost of the retirement income system to Government, better position Australia to meet the fiscal challenges of […]
Government policy changes
Government policy changes Some of the measures the new Government will not proceed with are: • Self Education Expenses Cap • The Government will not proceed with putting a $2,000 cap on the amount people can deduct as self education expenses. • Labor’s $1.8 billion Fringe Benefits Tax hit on the car industry. • The […]
