Things to know
Complete this section if you have an assessable FHSS released amount.
You must include the assessable FHSS released amount on your payment summary as assessable income in your tax return for the year in which you request us to issue a release authority. You'll also need to include the tax withheld amount so that you pay the correct amount of tax.
Completing this section
You'll need your payment summary showing your assessable FHSS released amount.
We pre-fill your tax return with the FHSS released amount on your payment summary.
To personalise your tax return to show your assessable FHSS released amount, at Personalise return select:
- You received salary, wages or other income on an income statement/payment summary, Australian Government payments, or First home super saver (FHSS) scheme payment
- First home super saver (FHSS) scheme.
To show your assessable FHSS released amount, at Prepare return select 'Add/Edit' at the Income statements and payment summaries banner.
At the First home super saver (FHSS) scheme banner:
- Has your Assessable FHSS released amount pre-filled?
- Yes – go to step 2.
- No – go to step 3.
- Is the pre-filled Assessable FHSS released amount and Tax withheld correct? If unsure, check your payment summary.
- Yes – go to step 4.
- No – go to step 3.
- Enter the correct information into the corresponding fields.
- Select Save.
- Select Save and continue when you have completed the Income statements and payment summaries section.