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Showing 1 - 10 of 24 results for "First Home Saver"

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... predecessor. The removal of the $450 income threshold, lower age for downsizer contributions and changes to the First Home Saver Super Scheme were the big changes in the budget. The work test is also proposed to be abolished for those aged between 67 ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... mechanism to allow members to divert their super savings into a deposit on a first home. They might have expanded the First Home Saver Super Scheme, almost doubling its capacity to release funds into a first home from $30,000 to $50,000, but as this ...

Stamp duty axing treated with caution

EMMA RAPAPORT  |  FRIDAY, 2 JUN 2017
The NSW Government decision to abolish all stamp duty for first homebuyers on existing and new homes up to $650,000, and stamp duty discounts up to $800,000, is being met with caution from a financial adviser. Announced by Premier Gladys Berejiklian ...

First home buyers: Devil is in the detail for super funds

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... superannuation funds won't play a part in promoting the scheme to their members. "One of the reasons the Labor Party's First Home Saver Account failed was that it was complicated and the banks never really promoted the special accounts that were required ...

Federal Budget is a Ginger Spice

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
The Government has handed down a "Ginger Spice" rather than a "Scary Spice" of Budgets this year, according to IOOF head of technical services Martin Breckon. Explaining himself, Breckon said the Budget appeared to be designed to avoid any comparisons ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... purchase of their first home," budget documents say. While the scheme is loosely based on the Rudd government's first home saver account that were introduced in 2008 but abandoned by the Abbott government, this new scheme will operate very differently ...

Brumbie: Super idea, super silly reaction

ALEX DUNNIN  |  MONDAY, 18 AUG 2014
... super-versus-property kerfuffle nevertheless reminds me of the shemozzle that became the still-born, and now defunct, First Home Saver Accounts after a shrewd idea to use the mechanisms of super funds to create more savings options for members was derailed ...

Govt to offer more choices on FHSAs

RUTH LIEW  |  THURSDAY, 7 OCT 2010
First Home Saver Accounts (FHSAs) could become more appealing to first home owners following proposed changes released this week. The draft legislation announced by the deputy Prime Minister and Treasurer Wayne Swan offers more concessions that will ...

CHOICE selects top FHSAs

MICHELLE BALTAZAR  |  WEDNESDAY, 1 OCT 2008
AMP Bank, NSW Teachers Credit Union (NTCU) and Victorian Teachers Credit Union (VTCU) are the three institutions that received the thumbs up in a new report on First Home Savers Accounts (FHSAs) by consumer body CHOICE. FHSAs are deposit savings accounts ...

AMP taps first home saver market

RUTH LIEW  |  MONDAY, 22 SEP 2008
AMP Banking is offering first home saver accounts (FHSAs) which boasts an 8 per cent interest rate per annum. AMP is launching the new account from the beginning of October, which will see borrowers pay an introductory variable interest rate of eight ...
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