Budget measures - 'First Home Super Savers Scheme' ..... Good or Stupid?
Announced in Tuesday nights' Federal Budget, the Turnbull government will launch a tax break for people saving for their first home, in the form of voluntary contributions to superannuation. The First Home Super Savers Scheme will come into effect from 1 July this year. It's complex, but is it any good? Savers will be able to make additional contributions to their super account which is taxed at the concessional rate of 15%, rather than the standard marginal rate on their sal