First Home Buyer Saver Scheme FHSS Explained | Increase your home deposit! Superannuation Australia

In this video I’m explaining the FIRST HOME SAVER SCHEME (FHSS) which is a government initiative to help you save for your first home using the Superannuation system.

This first home buyer tip is a must know!

The First home deposit scheme doesn’t let you use your current super as a deposit – it allows you to contribute extra money to super and use the low tax zone of superannuation to boost your property deposit savings!

For more information:

Our website: www.whatifadvice.com.au – you can book a meeting with me here.
Our email: info@whatifadvice.com.au

ATO Page - https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/
ATO Community Page - https://community.ato.gov.au/t5/forums/filteredbylabelpage/board-id/FHSS/label-name/fhss
SIC Rates - https://www.ato.gov.au/Rates/Shortfall-interest-charge-(SIC)-rates/
This video is part of our Superannuation series; our other super videos include:

Superannuation Explained: https://youtu.be/P_jBKRhAIsM
How to read your super statement: https://youtu.be/Sr5BYpy47sA
How to find your lost super: https://youtu.be/l2FXUwCPlBQ
Choosing your super investment: COMING SOON
Buying property with Super – Self managed super funds explained: COMING SOON
Salary Sacrificing to Super Explained: COMING SOON

General Advice & Accuracy warning: The material shown in this presentation is for general information purposes only. It is not intended to be, nor should it be read as specific personal investment or risk advice. Whilst all care is taken in the preparation of this material no warranty is given with respect to the information provided, and accordingly no responsibility for errors or omissions, including responsibility to any person by reason of negligence is accepted by What If Advice Pty Ltd, or any member or employee of What If Advice Pty Ltd. Before acting on any of the information contained in this presentation you should obtain special advice from a specialist investment or risk professional, which is appropriate to your specific investment or risk needs, objectives and financial situation.

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