First home saver account

A first home saver account is a special purpose account. Your balance is increased by a contribution from the government, up to a limit each year if you qualify. You don't pay tax on the interest the account earns. Rules apply.

What you need to know

Overview

Benefits

Eligibility

Opening an account

Building your account

Closing your account

Calculators, rates and forms

Forms - getting your government contribution

Forms - family breakdown

Forms - closing your account

Forms - account providers

Rates - account balance caps and government contributions

In detail

For superannuation funds

Frequently asked questions

Family law obligations

For account providers

Application for payment of first home saver account (FHSA) government contribution for a deceased estate

How to complete your application for payment of FHSA government contribution for a deceased estate. NAT 72944.

Super contributions from a first home saver account

If you hold a first home saver account (FHSA) use this form to contribute the balance of your FHSA to your super and close the account. If you provide accounts use this form to contribute the balance of an account holder's FHSA to your default super fund in order to close the account.

Benefits

With first home saver accounts, the more money you save, the more the government will contribute, up to a certain limit each year.

Building your account

You must contribute at least $1,000 per year to your account in four financial years before you withdraw the funds to buy or build a home. After the end of each financial year, a government contribution calculated on your personal contributions will be deposited into your account.

Closing your account

You must have contributed at least $1,000 in four financial years to use your account funds to buy or build a house. Otherwise, if you close your account, you must transfer the money into your superannuation account. If you're over 60, you can use the money from your account for whatever you want.

Eligibility

There are four aspects of eligibility that you need to consider - eligibility to open an account, to make contributions, to receive the government contribution and to access your funds.

First home saver accounts - what qualifies as owning a home?

Explains the terms home, ownership and occupancy in relation to first home saver accounts.

First home saver accounts - how does the account balance cap work?

You can contribute as much to your account as you like every year, up to a maximum account balance cap over the life of the account. Read these case studies to see how the first home saver account balance cap works and the exceptions that may apply.

Application for payment of first home saver account (FHSA) government contribution for a deceased estate

How to complete your application for payment of FHSA government contribution for a deceased estate. NAT 72944.

Benefits

With first home saver accounts, the more money you save, the more the government will contribute, up to a certain limit each year.

Building your account

Closing your account

Eligibility

There are four aspects of eligibility that you need to consider - eligibility to open an account, to make contributions, to receive the government contribution and to access your funds.

First home saver account government contribution destination nomination

How to complete your first home saver account government contribution destination nomination. NAT 72872.

First home saver account information request

How to complete your first home saver account information request form. NAT 72836.

First home saver account notification of eligibility

How to complete your first home saver account (FHSA) notification of eligibility. NAT 72947.

First home saver account overview

How first home saver account (FHSA) accounts work, including what's in it for you, who's eligible and how to use an FHSA.

First home saver accounts - rates and thresholds

First home saver account account balance caps and government FHSA contribution thresholds.

First home saver accounts - supplier lodgment declaration

Supplier lodgment declaration for use when lodging a first home saver account activity report.

First home saver accounts and family law obligations

How to divide a first home saver account under a binding financial agreement or family law court order.

Information for superannuation funds - accepting member contributions from a first home saver account (FHSA)

Answers to common questions for superannuation funds accepting member contributions from a first home saver account.

Opening an account

Many providers offer first home saver accounts but they're not all the same. Do your research before you choose an account.

Providing first home saver accounts

Information for providers of first home saver accounts including their roles and reporting obligations.

Super contributions from a first home saver account

Super contributions from a first home saver account under a family law obligation

Instructions and form for a first home saver account (FHSA) holder's former spouse and account provider. NAT 72629.

First home saver account government contribution destination nomination

How to complete your first home saver account government contribution destination nomination. NAT 72872.

First home saver account notification of eligibility

How to complete your first home saver account (FHSA) notification of eligibility. NAT 72947.

First home saver account information request

How to complete your first home saver account information request form. NAT 72836.

Super contributions from a first home saver account under a family law obligation

Instructions and form for a first home saver account (FHSA) holder's former spouse and account provider. NAT 72629.

First home saver account overview

How first home saver account (FHSA) accounts work, including what's in it for you, who's eligible and how to use an FHSA.

First home saver accounts - what qualifies as owning a home?

Explains the terms home, ownership and occupancy in relation to first home saver accounts.

First home saver accounts - how does the account balance cap work?

First home saver accounts - rates and thresholds

First home saver account account balance caps and government FHSA contribution thresholds.

First home saver accounts - supplier lodgment declaration

Supplier lodgment declaration for use when lodging a first home saver account activity report.

First home saver accounts and family law obligations

How to divide a first home saver account under a binding financial agreement or family law court order.

Information for superannuation funds - accepting member contributions from a first home saver account (FHSA)

Answers to common questions for superannuation funds accepting member contributions from a first home saver account.

Opening an account

Many providers offer first home saver accounts but they're not all the same. Do your research before you choose an account.

Providing first home saver accounts

Information for providers of first home saver accounts including their roles and reporting obligations.