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 buyers saving in super “badly designed and ill-thought out”: Chris Bowen

Labor Shadow Treasurer Chris Bowen has called the plan to allow first home buyers to save a deposit using superannuation “highly objectionable” and counter-productive. The Government proposed in the 2017 Budget that first home buyers be able to contribute up to $30,000 to superannuation, which could later be withdrawn for… Read More »First home buyers saving in super “badly designed and ill-thought out”: Chris Bowen

Budget 2017 superannuation changes: downsizing homes & first home buyers

The Federal Budget 2017 includes several changes to superannuation, the biggest of which relate to housing. The 2017 Budget proposes a higher super contributions cap for the proceeds of downsizing homes and allowing first home buyers to withdraw voluntary contributions from super. Other changes include integrity measures, tax relief for… Read More »Budget 2017 superannuation changes: downsizing homes & first home buyers

Labor will oppose first home buyers accessing super, says Chris Bowen

Shadow Treasurer Chris Bowen says Labor will oppose, “with every ounce of energy”, plans for first home buyers to access their superannuation reportedly being considered by the Government. Successive reports have the Government considering allowing first home buyers to access their superannuation, in some form, as part of a housing affordability… Read More »Labor will oppose first home buyers accessing super, says Chris Bowen