{"id":501,"date":"2026-02-25T04:45:19","date_gmt":"2026-02-25T04:45:19","guid":{"rendered":"https:\/\/checkthisproperty.com.au\/news\/?p=501"},"modified":"2026-02-27T04:51:51","modified_gmt":"2026-02-27T04:51:51","slug":"first-home-super-saver-scheme-your-guide-to-using-super-for-your-first-home","status":"publish","type":"post","link":"https:\/\/checkthisproperty.com.au\/news\/first-home-super-saver-scheme-your-guide-to-using-super-for-your-first-home\/","title":{"rendered":"First Home Super Saver Scheme: Your Guide to Using Super for Your First Home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"501\" class=\"elementor elementor-501\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d97cfc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d97cfc0\" data-element_type=\"section\" 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elementor-post-info__item--type-author\">\r\n\t\t\t\t\t\t\t\t\t\tcheckthisproperty.com.au\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t<\/li>\r\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-88925eb elementor-inline-item\" itemprop=\"datePublished\">\r\n\t\t\t\t\t\t<a href=\"https:\/\/checkthisproperty.com.au\/news\/2026\/02\/25\/\">\r\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\r\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-calendar\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M12 192h424c6.6 0 12 5.4 12 12v260c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V204c0-6.6 5.4-12 12-12zm436-44v-36c0-26.5-21.5-48-48-48h-48V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H160V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H48C21.5 64 0 85.5 0 112v36c0 6.6 5.4 12 12 12h424c6.6 0 12-5.4 12-12z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\r\n\t\t\t\t\t\t\t\t\t\t<time>February 25, 2026<\/time>\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t<\/li>\r\n\t\t\t\t<\/ul>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3add9ed elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"3add9ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1256\" height=\"650\" src=\"https:\/\/checkthisproperty.com.au\/news\/wp-content\/uploads\/2026\/02\/05-First-Home-Super-Saver-Scheme.jpg\" class=\"attachment-full size-full wp-image-502\" alt=\"First Home Super Saver Scheme\" srcset=\"https:\/\/checkthisproperty.com.au\/news\/wp-content\/uploads\/2026\/02\/05-First-Home-Super-Saver-Scheme.jpg 1256w, https:\/\/checkthisproperty.com.au\/news\/wp-content\/uploads\/2026\/02\/05-First-Home-Super-Saver-Scheme-300x155.jpg 300w, https:\/\/checkthisproperty.com.au\/news\/wp-content\/uploads\/2026\/02\/05-First-Home-Super-Saver-Scheme-1024x530.jpg 1024w, https:\/\/checkthisproperty.com.au\/news\/wp-content\/uploads\/2026\/02\/05-First-Home-Super-Saver-Scheme-768x397.jpg 768w\" sizes=\"(max-width: 1256px) 100vw, 1256px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ae5aa4c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ae5aa4c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3f44b2\" data-id=\"d3f44b2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-921cf55 elementor-widget elementor-widget-text-editor\" data-id=\"921cf55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The First Home Super Saver (FHSS) scheme helps first home buyers save money faster. You can use some of your super contributions to buy your first home.<\/span><\/p><h2><b>How It Works<\/b><\/h2><p><span style=\"font-weight: 400;\">You make extra contributions to your super fund. Later, you can take out these contributions plus earnings to buy your first home.<\/span><\/p><p><span style=\"font-weight: 400;\">The government taxes super contributions at only 15%. Depending on how much you earn, this may be less than your normal tax rate. You also get a 30% tax offset when you withdraw the money.<\/span><\/p><h2><b>How Much You Can Save<\/b><\/h2><p><span style=\"font-weight: 400;\">You can contribute up to $15,000 per year. The total limit is $50,000 across all years.<\/span><\/p><p><span style=\"font-weight: 400;\">When you withdraw:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You get 100% of after-tax contributions back<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You get 85% of before-tax contributions back (like salary sacrifice)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You also get earnings on both types of contributions<\/span><\/li><\/ul><h2><b>Who Can Use It<\/b><\/h2><p><span style=\"font-weight: 400;\">You must be 18 or older. You must have never owned property in Australia before. This includes investment properties, vacant land, or commercial property.<\/span><\/p><p><span style=\"font-weight: 400;\">Your name must be on the property title. You must plan to live in the property as your main home.<\/span><\/p><p><span style=\"font-weight: 400;\">You don&#8217;t need to be an Australian citizen to use the scheme.<\/span><\/p><h2><b>What You Can Buy<\/b><\/h2><p><span style=\"font-weight: 400;\">You can buy or build a home in Australia. The property must be suitable for living in.<\/span><\/p><p><span style=\"font-weight: 400;\">You cannot buy:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vacant land on its own<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Houseboats<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Motor homes<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commercial properties<\/span><\/li><\/ul><h2><b>Types of Contributions That Count<\/b><\/h2><p><b>Eligible contributions:<\/b><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salary sacrifice contributions (made after 1 July 2017)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Personal contributions you claim as tax deductions<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After-tax personal contributions<\/span><\/li><\/ul><p><b>Not eligible:<\/b><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employer super guarantee contributions<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contributions made before 1 July 2017<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government co-contributions<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contributions from family members<\/span><\/li><\/ul><h2><b>The Process<\/b><\/h2><p><b>Step 1:<\/b><span style=\"font-weight: 400;\"> Make extra super contributions\u00a0<\/span><\/p><p><b>Step 2:<\/b><span style=\"font-weight: 400;\"> Request a determination from the ATO\u00a0<\/span><\/p><p><b>Step 3:<\/b><span style=\"font-weight: 400;\"> Request release of your super savings<\/span><\/p><p><b>Step 4:<\/b><span style=\"font-weight: 400;\"> Sign your property contract\u00a0<\/span><\/p><p><b>Step 5:<\/b><span style=\"font-weight: 400;\"> Notify the ATO within required timeframes\u00a0<\/span><\/p><p><b>Step 6:<\/b><span style=\"font-weight: 400;\"> Receive your money<\/span><\/p><h2><b>Important Timeframes<\/b><\/h2><p><span style=\"font-weight: 400;\">You must request your determination before you buy the property. After you get the money, you have 12 months to sign a contract to buy or build a home.<\/span><\/p><p><span style=\"font-weight: 400;\">If you don&#8217;t buy a home, you must either:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Put the money back into super, or<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay extra tax (20% of the amount)<\/span><\/li><\/ul><h2><b>Tax Implications<\/b><\/h2><p><span style=\"font-weight: 400;\">The money you withdraw counts as income in your tax return. You pay tax on it at your normal rate. But you get a 30% tax offset to reduce the tax.<\/span><\/p><p><span style=\"font-weight: 400;\">The ATO will withhold some tax when they pay you the money. This helps cover your tax bill.<\/span><\/p><h2><b>Things to Consider<\/b><\/h2><p><span style=\"font-weight: 400;\">Check that your super fund will release FHSS amounts. Ask about any fees or charges.<\/span><\/p><p><span style=\"font-weight: 400;\">Make sure your super fund has your correct contact details. The details must match what the ATO has on file.<\/span><\/p><p><span style=\"font-weight: 400;\">The scheme isn&#8217;t right for everyone. Consider getting financial advice before starting.<\/span><\/p><h2><b>State Government Concessions<\/b><\/h2><p><span style=\"font-weight: 400;\">You can use the FHSS scheme alongside other first home buyer concessions from state governments. Check with your state government about their specific programs.<\/span><\/p><h2><b>Getting Started<\/b><\/h2><p><span style=\"font-weight: 400;\">Log into myGov and access ATO online services. Go to Super, then Manage, then First Home Saver.<\/span><\/p><p><span style=\"font-weight: 400;\">You can check your eligible contributions with your super fund at any time. This helps you track how much you can withdraw.<\/span><\/p><p><span style=\"font-weight: 400;\">Remember to start the process early. It can take 15-20 business days to receive your money after requesting it.<\/span><\/p><h2><b>Ready to Buy Your First Home?<\/b><\/h2><p><span style=\"font-weight: 400;\">Once you&#8217;ve saved through the FHSS scheme, make sure you choose the right property. <\/span><b>Did you check this property?<\/b><\/p><p><span style=\"font-weight: 400;\">Get instant access to zoning information, transport options, and property risks before you make your next property decision at<\/span><a href=\"https:\/\/checkthisproperty.com.au\"> <span style=\"font-weight: 400;\">Checkthisproperty.com.au<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><b>Understanding your property&#8217;s zoning, transport links, and potential risks is just as important as saving for your deposit. Make informed decisions with comprehensive property insights.<\/b><\/p><p><i><span style=\"font-weight: 400;\">This information is general in nature. Consider seeking professional financial advice for your specific situation.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The First Home Super Saver (FHSS) scheme helps first home buyers save money faster. You can use some of your super contributions to buy your first home. How It Works You make extra contributions to your super fund. Later, you can take out these contributions plus earnings to buy your first home. The government taxes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/posts\/501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":11,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"predecessor-version":[{"id":516,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/posts\/501\/revisions\/516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/media\/502"}],"wp:attachment":[{"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/checkthisproperty.com.au\/news\/wp-json\/wp\/v2\/tags?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}