First Home Super Saver Scheme

First Home Super Saver Scheme (FHSS) is a scheme under which an individual can have their personal voluntary contribution made on or after 1 July 2017 released from their super fund along with any associated earnings.

There are certain restrictions around the amount that can be contributed and how much can be released under this scheme. For example, the mandated contributions your employer makes, can not be released under this scheme.

The benefit of such scheme for example any tax benefit, is dependent on your individual circumstances.

Talk to your superannuation fund today.