First home buyers · Australia
FHSS calculator — save your deposit through super.
The First Home Super Saver scheme lets you push voluntary contributions into super and pull them back out for your first home — taxed at 15% on the way in, with a 30% tax offset on the way out. For most middle-bracket earners, that’s a few thousand more deposit per year, free.
Your plan
AUD · FY 2024–25Your income & tax
A$
Contributions
$15k/yr · $50k total cap
A$
/yr
A$
/yr
yrs
%
// estimated amount released for deposit
You can withdraw A$— after — years.
A$—
net to your hand
Total contributed
A$—
conc + non-conc
Tax benefit
+A$—
vs saving outside super
After-tax cost
A$—
what it costs your take-home
FHSS vs saving outside super
over — years
FHSS released
Outside super
+ Advantage
Concessional contributions — × A$—A$—
Non-concessional contributionsA$—
15% contributions tax deducted from concessional in super−A$—
Eligible to release 85% of conc + 100% of non-concA$—
Associated earnings SIC —% deemedA$—
Gross release amountA$—
Withholding on release MTR (—) less 30% offset−A$—
Net released for depositA$—
// note Estimate only. Concessional cap is $30,000/yr total (FY 2024–25), incl. employer SG — your room for salary sacrifice is what’s left. FHSS-specific caps: max A$15,000 of voluntary contributions count per year, A$50,000 lifetime. Eligibility: never owned property in Australia, intend to live in the home for ≥6 of the first 12 months. ATO calculates the actual release amount — request a determination before signing a contract.