First home saver calculator


The Federal Government has abolished first home saver accounts effective 1 July 2015:

  • Accounts opened after 7:30pm Tuesday 13 May 2014 will not be entitled to the government contribution
  • Existing account holders will not be eligible for a government contribution on personal deposits after the 2013-2014 financial year
  • Tax and social security concessions will cease 1 July 2015
  • Restrictions on withdrawals will be removed on 1 July 2015

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Last updated: 05 May 2016