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  TAX - I to ZInvestment Tax ConcessionsFirst Home Saver Accounts      Saturday, 24 August 2019  

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First Home Saver Accounts - Abolished


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Abolition of the FHSA scheme effective 1 July 2015
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Cessation of First Home Saver Accounts

New First Home Saver Accounts (FHSAs) opened from 13 May 2014 will not be eligible for concessions, with the Government co-contribution to cease from 1 July 2014 and tax concessions and the income and asset test exemptions for government benefits associated with these accounts to cease from 1 July 2015.

Refer to the link below for more details.


   
Overview
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Rates & Thresholds
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The Account Balance Cap 

Income Year

Account Balance Cap

2013 - 2014

$90,000

2012 - 2013

$90,000

2011 - 2012

$85,000

2010 - 2011

$80,000

2009 - 2010

$75,000

2008 - 2009

$75,000

The Maximum Annual Government Contribution 

Income Year

Contribution Threshold

Maximum Government

Contribution 

2013 - 2014

$6,000

$1,020

2012 - 2013

$6,000

$1,020

2011 - 2012

$5,500

$935

2010 - 2011

$5,500

$935

2009 - 2010

$5,000

$850

2008 - 2009

$5,000

$850

 


   
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