FHSS (First Home Super Saver)

The First Home Super Saver Scheme lets you make voluntary contributions to super (up to $15,000 per year and $50,000 total) and later withdraw them — plus associated earnings — to put toward your first home.

Because contributions are taxed at 15% inside super instead of your marginal rate, most workers come out ahead versus saving the same amount in a regular bank account.

You apply to the ATO for a determination and then a release before you sign a contract on a property.