First Home Saver Accounts
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The Federal Governments' First Home Saver Accounts provide a simple, tax effective way to save for a first home through a combination of Government contributions and low taxes. The Government will contribute 17 percent on the first $5,000 (indexed) of individual contributions made each year. This means an individual contributing $5,000 will receive a Government contribution of $850.
To find out more about this Federal Government initiative visit the First Home Saver Accounts website.