First Home Super Saver (FHSS) Scheme

About the FHSS scheme

The First Home Super Saver (FHSS) scheme helps you save for your first home by allowing voluntary super fund contributions, both pre-tax and after-tax. Eligible participants can release up to $15,000 of contributions per financial year, with a total limit of $50,000 across all years. However, those who released funds before July 1, 2022, under the old $30,000 limit, cannot request additional releases to reach the $50,000 cap. Released funds, along with deemed earnings calculated at the shortfall interest charge (SIC) rate (not actual fund earnings), can be used to purchase a new or existing home in Australia.

For a comprehensive guide, visit the ATO Publication Ordering Service to download the FHSS scheme essentials.

Changes are being made to the First home super saver (FHSS) scheme and will start on 15 September 2024. Learn more about the changes here. 

Tax Facts

• Activity Statement
• Australian Business Number
• Capital Allowances
• Capital Gains Tax
• Excise
• First Home Saver Scheme
• Fringe Benefits Tax
• Fuel Schemes
• General Value Shifting
• Goods and Services Tax
• Imputation
• Income Tax
• Medicare Levy
• Paid Parental Leave
• PAYG Instalments
• PAYG Withholding
• Rates and Calculators
• Small Business Entity Concessions
• State Taxes
• Superannuation Guarantee
• Taxpayer Penalties
• Wine Equalisation Tax