The government will increase the maximum amount of voluntary contributions that can be released under the First Home Super Saver Scheme from $30,000 to $50,000.
From 1 July 2022, eligible individuals will be able to release up to $50,000 (currently $30,000) under the scheme to assist with the purchase of their first home. Voluntary contributions made from 1 July 2017 can count towards the total amount released.
Please get in touch to discuss your options