Ask Noel & The Explainer: How much can I save for a home?

I refer to the new first-home super saver scheme. Are the contributions subject to the cap on concessional contributions that will drop to $25,000 a year from July 1? I have been told that they are counted within the cap, but that does not seem logical.

Yes, they do count within the concessional cap and I agree that this does not seem logical. After all, the purpose of the caps on contributions is to prevent people building up large sums in the low tax superannuation environment, while the stated aim…

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