First Home Super Saver Scheme

A portion of your super can be added to your deposit for a new apartment. Couples, siblings and friends can pool their resources to increase the amount of this deposit. Outline:

  • The scheme only applies to voluntary contributions made to your superannuation savings
  • Employer contributions are not eligible
  • You can save up to $15,000 each financial year inside your super for this purpose
  • Total savings within your super can only reach $50,000
  • Approval must be sought from the Australian Taxation Office

First Home Super Saver Scheme

Applicant Eligibility

  • not have owned property in Australia before
  • must be at least 18 years of age
  • not previously had funds released from superannuation under this scheme
  • check with your super fund to ensure that they will release the amount you require under this scheme
  • no requirement to be a permanent resident or Australian citizen
  • you must occupy the premises you buy for at least six months within the first 12 months of ownership

ALAND Product

Our sales team will be delighted to help you with any questions you may have about this government program. Please contact us on 1800 025 263 or fill out your details below.

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One of our friendly staff will attend to your enquiry as soon as possible.

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