First Home Super Saver Scheme (FHSSS)

The First Home Super Saver Scheme (FHSSS) is a proposed measure allowing first home buyers to saver using the superannuation system. It was announced in the 2017 Federal Budget and is yet to be legislated.

First Home Super Saver Scheme passes Senate, headed back to House

The First Home Super Saver Scheme (FHSSS), along with the downsizer contribution, passed the Senate on Tuesday. But the Bill will need to return to the House of Representatives, as it was amended. Update: First Home Super Saver Scheme passes Parliament The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No.… Read More »First Home Super Saver Scheme passes Senate, headed back to House

LDP wants considerable boost to FHSSS and downsizer contribution

Liberal Democrat Senator David Leyonhjelm wants to considerably boost the proposed First Home Super Saver Scheme (FHSSS) and downsizer contribution. Update: The Leyonhjelm amendment has been revised – it not longer includes the changes to the cap, instead including a requirement that the Minister start an independent review of the changes… Read More »LDP wants considerable boost to FHSSS and downsizer contribution

First Home Super Saver Scheme breaches sole purpose test, objective of super

The Government’s First Home Super Saver Scheme may push up house prices, reduce retirement savings and breach the sole purpose test and objective of superannuation. The Government’s First Home Super Saver Scheme has been strongly criticised by the superannuation industry, in submissions in response to draft legislation. The First Home… Read More »First Home Super Saver Scheme breaches sole purpose test, objective of super

First Home Super Saver & downsizer contribution draft legislation released

The Government has released draft legislation for the First Home Super Saver Scheme (FHSSS) and downsizer contributions measures from the 2017 Budget. Update: The First Home Super Saver Scheme has passed the Parliament The 2017 Budget included the First Home Super Saver Scheme (FHSSS) and a scheme allowing people aged 65… Read More »First Home Super Saver & downsizer contribution draft legislation released