FHSS Calculator — How Much Can You Withdraw for a Home?
Calculate your First Home Super Saver Scheme withdrawal amount. See how salary sacrificing into super gives you a bigger deposit through tax savings.
The First Home Super Saver Scheme allows first home buyers to make voluntary super contributions and later withdraw them (plus deemed earnings) for a home deposit. Since super contributions are taxed at only 15% (versus your marginal rate of 32.5-45%) you effectively save more per dollar contributed. Maximum withdrawal is $50000 in contributions plus deemed earnings making FHSS one of the most tax-effective ways to save for a home deposit.
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Key Information
| Parameter | Details |
|---|---|
| Maximum Voluntary Contributions | $50000 (for FHSS withdrawal) |
| Tax on Super Contributions | 15% (versus marginal rate) |
| Deemed Earnings Rate | SIC shortfall interest charge rate |
| Tax on FHSS Withdrawal | Marginal rate minus 30% offset |
Calculate your FHSS amount
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Use Calculator NowFrequently Asked Questions
How much more do I save with FHSS?
On a $39000 salary sacrifice over 3 years: without FHSS you save $39000 minus 32.5% tax = $26325 in a savings account. With FHSS you save $39000 minus 15% contributions tax = $33150 inside super. FHSS gives you $6825 more (26% bonus) in deposit savings. The higher your marginal tax rate the greater the FHSS benefit.
How do I apply for FHSS withdrawal?
Apply through the ATO via your myGov account. First request an FHSS determination to see your eligible amount. Then request a release within 14 days of signing a contract to buy or build. The ATO releases funds to your super fund which pays you within 5 business days. You must buy or build within 12 months of the release (extensions available).
Can I use FHSS and First Home Owner Grant together?
Yes you can combine FHSS withdrawal with the First Home Owner Grant and stamp duty concessions. A first home buyer in NSW could potentially access: $50000+ FHSS withdrawal + $10000 FHOG (new homes) + full stamp duty exemption (up to $800000). This combination provides up to $75000+ in benefits making first home purchase significantly more achievable.
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Last updated: March 2026