First Home Super Saver (FHSS)

This scheme has been in place since FY2017-2018 but does that mean that I can withdraw from my super all my salary sacrifice contributions+interest since July 2017 until now as long as it's not over $30k or is it only what I contributed in last two years e.g. 01/2018 to 01/2020?



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    Essentially yes. Even though the laws took a while to catch up, the beginning date for contributions that count towards FHSS is 1 July 2017.

    The $30k cap is the maximum across all financial years but there's a $15k cap for any one financial year. The "interest" earned is deemed by the ATO. There's also a tax when you withdraw at your marginal rate minus 30% which should be quite a low amount for most people.

  • Anything from 1 July 2017

    If you are using the 'request a FHSS determination' tool on MyGov it prefills info from July 2018 onwards, but allows you to manually add any from July 2017 as they are eligible too.

    Requesting a determination is not binding, and there is no limit on the amount of times you can do it (until you sign a house contract), so you can just request one now and see how much it tells you that you can take out.

  • Thanks guys. Accessing it through myGov worked.

    • How was your experience withdrawing the money from myGov? Does it take long? I’m thinking of doing it as well

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