The publications can be downloaded in Portable Document Format (PDF):
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When we say super fund, we mean:
- complying superannuation funds, including self-managed superannuation funds
- public sector superannuation schemes, both regulated and exempt
- complying approved deposit funds
- retirement savings accounts.
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Who should complete this form?
You should only complete this form if you are a first home saver account holder or provider.
Before completing this form
Before you complete this form either as the account holder or provider, you must choose an appropriate super fund:
- that is a complying super fund
- in which the account holder is a current member
- that will accept contributions from a first home saver account.
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To check whether the super fund is a complying super fund, visit www.abn.business.gov.au and use 'Super Fund Lookup'.
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You should complete Part 1 (PDF) of this form to close your first home saver account and contribute the balance to your super if:
- you are choosing to contribute the balance to super (voluntary contribution)
- you are no longer eligible to hold a first home saver account (compulsory contribution to super), or
- we have issued a notice advising you are no longer eligible to hold a first home saver account (compulsory contribution to super).
Account holders who are 60 years or older
Once you turn 60, you can choose to receive a cash payment directly from your first home saver account - you don't have to complete this form to do so.
Once you turn 65, you must close your first home saver account. You can either:
- receive a cash payment directly from your first home saver account provider, or
- use this form to have your provider contribute the balance to your super fund and close the account.
Closing your first home saver account
Once your first home saver account is closed you cannot open another one. Super fund contributions cannot generally be reversed, and the money must remain in the super system until you retire or meet another condition of release.
Fees
We recommend you read your account provider's first home saver account product disclosure statement or contact your account provider for information about any fees you may be liable to pay for closing your first home saver account. Your super fund may also charge entry or deposit fees - contact your super fund for more information.
Making contributions to a spouse's or former spouse's super fund
If you have to contribute all or part of your first home saver account balance to your spouse's or former spouse's super fund as a result of a Family Law Act arrangement, do not use this form. For more information, see First home saver account - home.
Super co-contribution
A contribution from your first home saver account to your super fund is not eligible for the super co-contribution.
Super contribution cap
If you contribute the balance of your first home saver account to your super fund, we will take this contribution into account when deciding whether you have exceeded the super contribution caps.
Last Modified: Tuesday, 11 October 2011