First Home Super Saver Scheme
Save for your first home inside your super, where tax is lower, then take the money out to buy.
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What you need to check
You can put extra money into your super (your retirement savings fund), then ask the tax office to release it to help buy your first home. Up to $15,000 a year, and $50,000 in total, of these extra payments count. You get back all of the payments you made from after-tax money and 85% of payments made before tax, plus some earnings. You must be 18 or older when you ask for the release, and your name must be on the title of the home. You must never have owned property in Australia, unless the tax office agrees you had money hardship. You cannot use the scheme if you have already had a release under it. Couples and friends can each use their own savings for the same home.
This is a short summary. Other rules may apply, like income or where you live. Check the full rules with the agency that runs it.
Read in Easy English
What it is
- This helps you save for your first home.
- You put extra savings into your super.
- Super is what you save for when you stop work.
- Super has less tax, so it can grow faster.
- Later, you can take out up to $50,000 to buy a home.
Who can get it
- You must be 18 or older when you take it out.
- You must never have owned a home or land in Australia.
- The tax office can say yes in some cases of hardship.
What to do
- Read the rules on the official website.
- Apply there. It is free to apply.
About this source
We last reviewed this listing on 5 Nov 2026. We last checked the official page on 5 Nov 2026.
Our automatic check only sees whether the page is there or has changed. It is not a check of the rules.