The First Home Super Saver Scheme (FHSS) allows eligible first home buyers to make voluntary contributions to their super fund and then withdraw those contributions (plus associated earnings) to help fund a property purchase. Because contributions are made at the concessional super tax rate, FHSS can generate a larger deposit faster than saving in a regular bank account.
FHSS Guides
- First Home Super Saver Scheme (FHSS) Explained — Full guide: how the scheme works, eligibility, the $50,000 cap, how to apply, and the tax treatment of released amounts
- FHSS Calculator Australia — Calculate your estimated FHSS release amount and tax saving vs saving outside super
For advice tailored to your first home buying situation, speak with a licensed financial adviser through MoneySmart.