First home saver accounts - rates and thresholds

The account balance cap

The account balance cap on first home saver accounts is indexed periodically in $5,000 increments.

Income year	Account balance cap
2012-13	$90,000
2011-12	$85,000
2010-11	$80,000
2009-10	$75,000
2008-09	$75,000

The maximum annual government contribution

The maximum annual government contribution is based on the contribution threshold that is indexed periodically in $500 increments.

Income year	Contribution threshold	Maximum government contribution
2012-13	$6,000	$1,020
2011-12	$5,500	$935
2010-11	$5,500	$935
2009-10	$5,000	$850
2008-09	$5,000	$850

What to do or read next

For more information, refer to:

• Guide to first home saver accounts
• First home saver accounts - how does the account balance cap work?