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First home super saver scheme

Section: 2.11

The First Home Super Scheme (FHSSS) allows members to save for their first home within the superannuation environment. This will help first home buyers save faster with the concessional tax treatment of superannuation.

Members can commence their savings by entering into a salary sacrifice arrangement with their employer to make voluntary contributions or by making voluntary personal super contributions.

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Wednesday, November 4, 2020