First Home Super Saver Scheme

Saving the deposit for a first home isn’t easy. The First Home Super Saver (FHSS) Scheme can help you reach your goal faster by allowing you to save for your deposit inside super. The tax concessions provided for voluntary contributions to super means you can potentially save thousands of dollars more than if you save for your deposit in a standard savings account.1  

Through the FHSS Scheme, eligible individuals can contribute up to $15,000 in a financial year and up to a total of $30,000 across all years (including earnings).

Already using the FHSS Scheme?

You can check on the size of your deposit and apply to make a withdrawal from the ATO via your MyGov account.

 


1 See fact sheet for details.

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