The First Home Super Saver (FHSS) scheme may help eligible members save for their first home deposit through super.
The FHSS scheme allows eligible members to:
- make voluntary contributions to their super
- apply to withdraw eligible contributions and associated earnings to help purchase their first home
- potentially grow their savings faster
- combine FHSS savings with an eligible partner when purchasing a home together.
For more further information, members can also visit the ATO website and search first home super saver scheme.