Written for the Australian – Super saver scheme offers small leg-up on to the property ladder
In the recent federal budget, a new scheme was announced which could assist younger Australians in purchasing a home, beginning July 1st. The first home super-saver scheme allows first home buyers to sacrifice up to $15,000 per year of their wages into superannuation, which can accumulate up to $30,000 that can be withdrawn for the sole purpose of purchasing a house. Questions regarding who will be eligible for the scheme have yet to be answered.
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