First Home Super Saver Vic

Researching·Lifestyle DiscoveryH&L Matchmaker
Victorian Scheme

First Home Super Saver (FHSS)

A federal scheme that lets eligible first-home buyers save for a deposit inside super and later withdraw those voluntary contributions, plus earnings, often more tax-effectively than saving in a normal account.

Read the FHSS scheme on the ATO
George Giannakakis

By George Giannakakis · B.Arch.Studies · M.Arch (UniSA) · RLA300580

Last reviewed: · How we research

What is the First Home Super Saver (FHSS)?

An Australian Taxation Office (ATO) scheme. You make voluntary contributions into your super (up to $15,000 per financial year, up to a $50,000 lifetime total), then request an FHSS determination and a release through myGov when you are ready to buy. The ATO releases your eligible contributions plus an associated-earnings amount it calculates. It involves super and tax, so it is worth getting advice before you start.

Who it is for

  • •First-home buyers aged 18 or over who have never owned property in Australia (limited financial-hardship exceptions apply).
  • •People who intend to live in the home they buy or build as their home.
  • •Savers who make voluntary super contributions (salary sacrifice or personal) rather than relying on compulsory employer contributions.

Who it is not for

  • •Compulsory employer (Super Guarantee) contributions cannot be withdrawn, only eligible voluntary contributions.
  • •Investment properties - the home must be one you intend to live in.
  • •Buyers who have already owned property in Australia (outside the hardship exceptions).

How to know more

Request your FHSS determination from the ATO via myGov BEFORE the property transfers to you, then submit one release request. After the release you have 12 months to sign a contract to buy or build, and must notify the ATO within 90 days of signing. The ATO website is the source of truth; a financial adviser or accountant can confirm it suits you.

Authoritative sources (last researched 2026-06-25)

BuildPilot is a curator, not a financial adviser. Amounts and thresholds change each financial year (typically 1 July). Always confirm current figures with the State Revenue Office and your conveyancer before making a decision.

Other Victorian buyer support

Grant

First Home Owner Grant (FHOG)

A one-off cash grant from the Victorian Government for eligible first-home buyers building or buying...

Concession

First Home Buyer Duty Concession

A stamp duty concession (and in some cases a full exemption) for first-home buyers in Victoria....

Shared Equity

Victorian Homebuyer Fund

A Victorian Government shared-equity scheme that contributes up to 25% of your home purchase price s...

Guarantee

First Home Guarantee (5% Deposit Scheme)

A federal scheme that lets eligible first-home buyers in Melbourne and regional Victoria purchase wi...

Live across Victoria

Get support navigating VIC grants before you settle.

BuildPilot's builder matching is live in Melbourne. Tell us about your build and we'll match you with vetted Victorian builders suited to your block and budget.

Find my Melbourne builder

Cookies on. Learn more