Using super to save for your first home

First Home Super Saver Scheme explained

Saving for a home deposit is hard work. But if you qualify, the First Home Super Saver (FHSS) scheme could help you get there faster.

More than 1,602 of our members have received FHSS payments so far.^*

How it works in 30 seconds

Withdraw extra contributions you’ve made into your super (before or after tax) and use it for your first home deposit.
Available across Australia if you:
- Are 18 or over when you apply for money to be released
- Buy a residential property and live in it for at least 6 months of the first 12 months
You're a first home buyer, having never owned property in Australia – this includes an investment property, vacant land, commercial property, a lease of land, or a company title interest in land.
- Your name must be on the title of the property you buy
- Haven’t taken advantage of the scheme before.

There may be tax savings

Before-tax contributions into super are taxed at 15%. Is this less than your marginal tax rate? There may be a saving.

Potentially higher earnings

FHSS investment returns are determined by the Australian Tax Office (ATO), not our performance. The investment returns may be higher than what you’d earn in your savings account or term deposit.

How our member Sanja used the scheme

“I listen to a podcast called, 'She’s on the Money' and that’s where I learned about the FHSS scheme.”

“I’m seeing a mortgage broker and getting organised so I can find and buy my first home” Sanja says.

"The FHSS scheme has been great for me because it helps me save. I pay less tax when I put money into my super, and I’m not tempted to take the money out and spend it, because I can’t!”

Other things to consider

In a lower income bracket where you pay little to no tax? The scheme mightn’t be suitable for you.
Limits apply. Using the FHSS scheme, you can contribute up to a maximum of $15,000 (this will count toward your overall contribution limit) in any one financial year, and up to a maximum of $50,000 across all years.
Funds may be taxed on the way out. Before-tax contributions and earnings will be taxed at your marginal tax rate, minus a 30% tax rebate.

^*As at 25 June 2026.