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Showing 1 - 6 of 6 results for "FHSSS"

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... $600,000 per couple. The maximum amount of voluntary contributions that can be released from the First Home Super Saver (FHSSS) scheme will also rise, from $30,000 to $50,000. Only voluntary contributions can be accessed under the scheme, and they can ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... superannuation contributions more than SG rates, to be used for home loan deposits under the First Home Super Saver Scheme (FHSSS) announced in 2017-18 budget. ASFA said as at September end, FHSSS release requests totalled $44.1 million across 3250 requests. ...

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
About $89 million of superannuation has been released on compassionate grounds just three months into the new financial year, according to the ATO. Of the 10,700 early super release applications received between 1 July 2018 and September 30, more than ...

Housing affordability depresses confidence: Westpac

EMMA RAPAPORT  |  THURSDAY, 17 AUG 2017
... house prices and the strain on the Age Pension," the Financial Planning Association said in a submission to treasury. The FHSSS was originally proposed to apply to eligible contributions from 1 July 2017, with withdrawals allowed from 1 July 2018.

Major advice firm endorses first home super saver scheme

DARREN SNYDER  |  WEDNESDAY, 9 AUG 2017
... closed on Friday (4 August) and ISA argued that in guaranteeing returns through the use of the shortfall interest charge, the FHSSS would eat into compulsory superannuation savings. ISA chief economist Stephen Anthony said: "Super funds will be forced ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... updates to existing legislation for Commonwealth employees, judges and parliamentarians. The First Home Super Saver Scheme (FHSSS), residential downsizing incentives, closing of the superannuation guarantee loophole, and the expansion of choice, consumer ...
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