How the government’s new property plan works
Renters, people waiting for subsidised housing and the homeless get a boost in the 2017 Budget, while property investors face tougher rules around negative gearing and capital gains tax and older Australians are being encouraged to downsize.
From July 1, savers will be able to salary sacrifice extra contributions into their superannuation account above the compulsory contribution, up to a maximum of $30,000 in total and $15,000 in a single year.
“Under this plan, m…
Read the full article at: http://www.news.com.au/finance/superannuation/first-homebuyer-superannuation-scheme-to-boost-savings-by-30-per-cent-scott-morrison-says/news-story/29884f5475b9e3d2dbbba16a0d98cf77