Using super to buy your first home.
Does this sound familiar?
You’re renting and trying to save, but the deposit goal keeps slipping further away.
Friends are giving you “hot tips” about property and super, but it’s only adding to the confusion.
The First Home Super Saver Scheme sounds promising but the rules are confusing
Saving a deposit while renting feels impossible for many Australians . The FHSS Scheme can speed things up — but only if used properly. The rules are strict, and mistakes (like contributing the wrong way) can be costly.
We turn super confusion into a clear pathway to home ownership. Without sacrificing your future.
We turn super confusion into a clear pathway to home ownership. Without sacrificing your future.
How we can help:
-
First Home Super Saver Scheme Strategy
We'll show you exactly how much you can contribute and withdraw, when to do it, and how to maximise the tax benefits without getting caught by the caps.
-
Deposit Timeline Planning
Create a realistic timeframe for homeownership based on your actual income, expenses, and super balance.
-
Property Purchase Structure
Set up your mortgage and ongoing investments from day one so you're building wealth alongside paying off your home.
-
Retirement Impact Assessment
Calculate exactly how your super withdrawal affects your retirement timeline and create a plan to get back on track.
-
Ongoing Wealth Building
Design an investment strategy that grows your wealth even while you're paying off a mortgage and dealing with all the costs of homeownership.
First Home Super Saver FAQs
-
To be eligible, you need to meet these conditions:
Be 18 or older when you request the release from FHSS.
Never have owned property in Australia (including investment property or vacant land).
Plan to live in the home (at least 6 months in the first 12 months after it’s occupied) and have your name on the title.
Not have already made an FHSS release request.
-
Because it can get you into your first home faster. Money saved inside super is usually taxed at just 15%, instead of your full income tax rate. That means you keep more of what you save. On top of that, the ATO lets you withdraw up to $50,000 of those contributions (plus earnings) for your deposit.
The catch is that the rules are strict, and if you don’t follow them exactly, you can miss out or pay extra tax. That’s why good advice makes all the difference. -
1. You make voluntary contributions into super
You can contribute before-tax (salary sacrifice) or after-tax.
Contributions are capped each year (normally $15,000 max per year for FHSS).
2. Later, you withdraw those contributions + earnings to buy your first home
You can take out up to $50,000 in total ($15,000 per year max, across multiple years).
The withdrawal includes your contributions plus a deemed rate of earnings (set by the ATO).
3. Tax treatment
When you withdraw, the ATO gives you a 30% tax offset, so you’re generally better off than if you’d saved outside super.
