Federal Budget Newsletter
Last week the Government handed down the Federal Budget for the 2017-18 year. One of the key themes this year is housing affordability and a number of taxation and superannuation measures have been introduced in relation to this. ACCESS TO SUPER FOR FIRST HOME DEPOSIT Individuals will be able to make voluntary contributions into their superannuation of up to $15,000 per year and $30,000 in total, to be withdrawn subsequently for a first home deposit. The contributions can be made from 1 July 2017 and must be made within an individual's existing contribution caps. From 1 July 2018 onwards, [...]