First Home Super Saver Scheme — save thousands in tax

Put extra money into your super, then withdraw it for a home deposit. You pay less tax on these contributions — potentially saving you $7,000 to $17,000.

How it works

Make voluntary contributions to your super fund (up to $15,000 per year)
These contributions are taxed at 15% instead of your normal income tax rate
When you're ready to buy, apply to the ATO to withdraw the money
Use the withdrawn amount toward your home deposit

How much can you save?

The tax saving depends on your income tax bracket:

Your income	Tax rate	Saving on $50K
$18,201 – $45,000	19%	$2,000
$45,001 – $120,000	32.5%	$8,750
$120,001 – $180,000	37%	$11,000
$180,001+	45%	$15,000

Savings shown are approximate. The actual saving is the difference between your marginal tax rate and the 15% super tax rate, applied to your voluntary contributions (max $50,000 total).

Key rules

Maximum $15,000 per financial year

You can contribute up to $15,000 per year in voluntary super contributions for the FHSS.

Maximum $50,000 total

Across all years, the maximum you can withdraw under FHSS is $50,000.

Can combine with other schemes

FHSS can be used alongside the First Home Guarantee, FHOG, and stamp duty exemptions.

Source: ATO.gov.au

See your total savings including FHSS

Your details

Answer 5 quick questions and we'll show you everything you qualify for.

Which state or territory are you buying in?

Are you buying with a partner?

Annual pre-tax income (before tax)

How much have you saved so far? (cash savings — not including FHSS)

Have you saved anything in FHSS? (First Home Super Saver Scheme — $0 if none)

What type of property are you looking at?

You could save up to

$182,530

in grants and stamp duty savings

Get your free report

Personalised PDF with your grants, borrowing power, and savings — free, no sign-up.

Want the full action plan with step-by-step guidance? $29 one-time — see below.

Grants and schemes you qualify for

EligibleHelp to Buy (Shared Equity)

$150,000

Government buys 30% of your home ($150,000). You only need a 2% deposit ($10,000).

EligibleFirst Home Super Saver Scheme (FHSS)

$8,750

Save up to $8,750 in tax by putting money into your super before withdrawing it for a deposit.

EligibleFirst Home Guarantee (5% Deposit Scheme)

$6,750

Buy with 5% deposit. You avoid ~$6,750 in Lenders Mortgage Insurance.

Choose one: You can't use both the 5% Deposit Scheme and Help to Buy. Compare them in your personalised action plan to see which saves you more.

2 schemes you don't qualify for

Not eligibleFamily Home Guarantee (Single Parents)

Requires at least 1 dependent child.

Not eligibleFirst Home Owner Grant (NSW)

Only for new properties.

Stamp duty

Standard stamp duty$17,030

As a first home buyer, you pay$0

You save$17,030

No stamp duty on properties up to $800K. Sliding concession from $800K to $1M.

What you'll pay upfront

These are the costs on top of your deposit.

Stamp duty (after savings)$0

Lenders Mortgage Insurance (LMI)$0

Conveyancer / solicitor$2,000

Building & pest inspection$650

Loan & registration fees$650

Total upfront costs$3,300

Your personalised action plan

1. Start salary sacrificing to your super under FHSS

You could save up to $8,750 in tax by making voluntary contributions to your super. Contact your employer or super fund to set up salary sacrifice. You can contribute up to $15,000 per year (max $50,000 total).

2. Choose between 5% Deposit Scheme and Help to Buy

You're eligible for both, but can only use one. The 5% Deposit Scheme lets you keep 100% ownership. Help to Buy means smaller repayments but the government owns 30%. Compare the what-if scenarios on the next page.

3. Get pre-approval from 2-3 lenders

Based on your income, you could borrow up to approximately $510,000. Get pre-approval from multiple lenders to compare rates and find the best deal.

6 personalised steps for your situation

How much you could borrow

Rough estimate based on income. Your actual amount depends on the lender.

Estimated max loan

$510,000

Monthly repayment (est.)$3,224/mo

If rates rise 2%$3,921/mo

Want your complete action plan?

Get a personalised PDF with everything you need to take the next step.

Feature	Free Snapshot	Full Plan ($29)
Grants you qualify for	✓	✓
Borrowing power estimate	✓	✓
Detailed upfront costs breakdown	—	✓
Step-by-step action plan	—	✓
"What if" scenarios	—	✓
Scheme comparison (which to pick)	—	✓
Printable PDF for your broker	—	✓

One-time purchase. Instant download. Not financial advice.