How to use the First Home Super Saver scheme

The Australian Government offers a helping hand to first home buyers via the First Home Super Saver scheme. Introduced in the Federal Budget 2017-18, the scheme aims to reduce pressure on housing affordability and give first home buyers a hand getting into the property market.

The scheme allows first home buyers to save money inside their superannuation fund. This gives you the ability to save faster with the concessional tax treatment of super. Find out all you need to know about your eligibility for the scheme and how it works via the Australian Taxation Office website.