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 |
| 2008–09 | $75,000 |
| 2009–10 | $75,000 |
| 2010–11 | $80,000 |
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 |
| 2008–09 | $5,000 | $850 |
| 2009–10 | $5,000 | $850 |
| 2010–11 | $5,500 | $935 |
Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
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