FHSS

First Home Super Saver Scheme

A tax-advantaged way to save your deposit inside super — release up to $50,000 of voluntary contributions plus earnings.

The First Home Super Saver Scheme lets first home buyers make voluntary super contributions (concessional and non-concessional) and later withdraw them — plus deemed earnings — to put toward a home deposit. As at May 2026, the maximum releasable amount is $50,000 of contributions ($15,000 in any single financial year) plus associated earnings. Contributions are taxed at concessional rates inside super, so most buyers come out ahead of saving in a regular bank account. You must apply to the ATO for a determination and a release authority before signing a contract.