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730 interest rates & inflation, emergency funds & offset accounts, First Home Super Saver (FHSS) + more

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First Home Super Saver Scheme and Tax Benefits

The chapter delves into the First Home Super Saver (FHSS) scheme detailing how individuals can leverage it for additional contributions to their super fund to purchase their first home. It elucidates the process of accessing funds for non-property investments and highlights the implications of tax benefits. Furthermore, the discussion touches on reportable fringe benefits, their impact on tax refunds, and how media influence can affect societal perceptions and financial planning strategies.

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