Tag: superannuation savings account
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FHSS Scheme: Boost First Home Savings with Tax Advantages
The First Home Super Saver (FHSS) scheme is a government initiative aimed at helping first-time homebuyers save for a deposit by making voluntary contributions to their superannuation accounts. This scheme offers tax concessions and a competitive interest rate, making it an attractive option for those looking to enter the property market. Under the FHSS scheme,…