FHSS Calculator — How Much Can You Withdraw for a Home? — Australia 2026
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.
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.
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Superannuation Calculator Australia
Understanding Your Investment Returns
This calculator projects your returns using compound interest, where your earnings generate their own earnings over time. The power of compounding means that even small regular investments can grow into substantial wealth over long periods. For example, investing just Rs 5,000 per month at 12% expected returns for 25 years can grow to over Rs 1 crore — of which only Rs 15 lakh is your own money and Rs 85 lakh is compounding returns. The key factors that determine your final corpus are: the amount invested, the rate of return, the duration of investment, and the frequency of compounding.
Important Considerations
Past returns do not guarantee future performance, especially for market-linked instruments like mutual funds and equities. The returns shown are estimates based on the rate you enter. Equity investments carry market risk but have historically delivered 12-15% CAGR over 15+ year periods in India. Fixed income options like PPF (7.1%) and FD (6-7.5%) offer lower but more predictable returns. Diversifying across asset classes — equity, debt, gold, and real estate — reduces overall portfolio risk while optimizing returns for your risk tolerance.
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.
What is compound interest and why does it matter?
Compound interest means you earn interest on your interest, not just your principal. Over long periods, this creates exponential growth — even small regular investments can grow into substantial wealth over 15-25 years.
Should I invest regularly or as a lump sum?
Regular investing (dollar-cost averaging) smooths out market volatility by buying at various price points. Lump sum investing works better if markets are undervalued. For most people, regular monthly investing is simpler and more disciplined.
How much should I invest monthly to reach my goal?
The amount depends on your target, timeline, and expected returns. Use this calculator to model different scenarios. The key factors are starting early, investing consistently, and reinvesting returns.
Are investment returns taxable?
Tax treatment varies by investment type and country. Capital gains, dividends, and interest income may be taxed differently. Consult a tax professional for advice specific to your situation and jurisdiction.
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Last updated: March 2026