Information that was publicly available about the First Home Super Saver (FHSS) Scheme as at 21 November 2019

Written by Claude Haiku 5.5 from the extracted text on 14 Oct 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This FOI release is a copy of the ATO's public web guidance on the First Home Super Saver (FHSS) scheme, as it stood on 21 November 2019, rather than internal correspondence or compliance material. It explains how first home buyers can make voluntary concessional and non-concessional super contributions from 1 July 2017 and apply from 1 July 2018 to release them, with a cap of $15,000 per financial year and $30,000 in total. Key requirements covered include eligibility (age 18 or over, no prior property ownership, subject to a financial hardship provision), contract timing (sign within 14 days of a valid release request in some cases, and within 12 months otherwise), and the 20% FHSS tax applying if funds are not used for a home. It also sets out ordering rules, the 85% release rate for concessional contributions, withholding at marginal rates or 17%, a 30% tax offset, and processing times of 15 to 25 business days.