First Home Super Saver Scheme (FHSS) Explained
The First Home Super Saver (FHSS) scheme lets you save for your first home inside your super fund – often with tax benefits – and then withdraw those savings for a deposit.
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Key limits
Per year
Up to $15,000 of eligible voluntary contributions in any one financial year can count.
Total
Up to $50,000 across all years.
Plus earnings
You can also withdraw an amount of deemed earnings on those contributions.
Tax on release
Released amounts are taxed at your marginal rate, with a 30% tax offset.
Who can use it?
- You are 18 or older (you can contribute earlier, but request release from 18)
- You have never owned property in Australia (some hardship exceptions apply)
- You haven’t previously requested an FHSS release
- You intend to live in the home for at least 6 months within the first 12 months
Step by step
1. Contribute
Make voluntary contributions to super – salary sacrifice or personal contributions.
2. Determination
Request an FHSS determination before ownership of a property transfers to you.
3. Request release
Ask for your eligible amount to be released.
4. Buy
Sign a contract within the allowed window – generally from 90 days before to 12 months after your release request.
Timing matters. Doing the steps in the wrong order can mean you can’t use the scheme or have to pay extra tax.
How UV TAX helps
- Explain how FHSS fits with your tax position
- Check your contributions and caps
- Help with the tax return in the year of release
⚠️ General information only – not tax or legal advice. UV TAX does not provide financial product advice about whether to contribute to super – speak with a licensed financial adviser. Contribution caps and FHSS rules must be followed carefully. This page is a simple overview as at November 2026 and does not consider your personal circumstances. Tax laws, rates and thresholds change regularly. Please get advice for your situation before acting.
Saving for your first home?
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0466 268 405Frequently asked questions
How much can I save under the FHSS?
Up to $15,000 of eligible contributions a year and $50,000 in total, plus associated earnings.
How is the FHSS release taxed?
At your marginal tax rate, less a 30% tax offset.
When do I need to apply?
You must request an FHSS determination before ownership of the property transfers to you, and sign a contract within the allowed period.
Can couples both use the FHSS?
Yes. Each eligible person can use the scheme for the same property.
Related
General information current as at November 2026.