Buying your first home

The First Home Super Saver Scheme (FHSSS) was introduced by the Australian Government in the Federal Budget 2017–18

Did you know you may be able to use part of your superannuation for your first home deposit? We'll take you through the eligibility and limits in this video.
From 1 July 2017, the First Home Super Saver Scheme (FHSSS) has allowed individuals to make ‘eligible contributions’ to their super fund which can then be withdrawn (including earnings) at a later stage to purchase their first home.

Generally, any voluntary contributions above minimum mandated amounts—such as salary sacrifice and additional personal contributions—will be classed as eligible contributions. In order to access the funds, the ATO will need to issue a Release Authority, which will specify the maximum amount that can be accessed.

Scheme rules will determine how much can be released, which may be an amount less than specified in the Release Authority. It's important that you don't enter into any contracts until we've confirmed with you how much can be released under scheme rules.

For information about FHSSS and eligible contributions, visit the ATO website or download our factsheet below.

Download the factsheet

FHSSSFS01 First Home Super Saver Scheme and Downsizer Contributions

Information about Australian Government initiatives for the First Home Super Saver Scheme and Downsizer Contributions

PDF, 344KB

First Home Super Saver Scheme (FHSSS) calculator

Use the calculator to see if the First Home Super Saver Scheme might be right for you

Find out more

Important note for MilitarySuper members

While some contributions paid into MilitarySuper may be classed as eligible contributions under the FHSSS, the MilitarySuper Trust Deed does not currently allow the release of these contributions. Please contact us if you are contemplating making contributions. Importantly, please note, even if the ATO issues you with a Release Authority, CSC will be unable to comply with this request until a legislative change occurs.

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