First Home Super Saver Scheme

The First Home Super Saver Scheme (FHSSS) was introduced by the government to deal with housing affordability and to help Australian’s get into the property market and buy their first home in Australia. The scheme allows participants to effectively lift their savings and build a property deposit within superannuation by giving them a tax benefit. First home buyers can make use of some of their contributions, made from 1 July 2017, for a deposit on their first house under the scheme. There have been some changes made to the scheme since it was first introduced so it is important to understand the current rules of the scheme including eligibility, contribution requirements, withdrawal requirements and some of the other limitations, before considering if it’s a suitable scheme to use.

To read this fact sheet in its entirety download the PDF version here.

Related Posts

AFSL 485643
Copyright © 2019 – 2020 SuperGuardian Pty Ltd ABN 57 113 986 968
Liability limited by a scheme approved under Professional Standards Legislation

Disclaimer: Any information that is financial product advice is provided by SuperGuardian Pty Ltd (AFSL No. 485643 ). The advice provided is general in nature and is not personal financial product advice. The advice provided has been prepared without taking into account your objectives, financial situation or needs and because of this you should, before acting on it, consider the appropriateness of it having regard to your objectives, financial situation and needs. You should carefully read and consider any product disclosure statement that is relevant to any financial product that has been discussed before making any decision about whether to acquire the financial product. Please refer to SuperGuardian FSG for contact information.

By accessing and/or using information at or through this site each user waives and releases SuperGuardian to the full extent permitted by law from any and all claims relating to the usage of the material made available through the website. In no event shall SuperGuardian be liable for any incident or consequential damages resulting from use of the material.