First Home Super Saver calculator
FHSS lets you save a house deposit inside super at 15% tax instead of your marginal rate, then pull it back out when you buy. The caps are tight but the gap is real.
Enter your salary and what you can contribute each year.
What you can release towards a first home
- Eligible contributions
$36,000$36,000 - Deemed earnings
$2,448$2,448 - Tax on release
$661$661
Against the alternative
Try a scenario
How this is calculated
FHSS has its own deemed-earnings rules, so the numbers are not your fund's actual returns.
- Contribution type
- Concessional (salary sacrifice or personal deductible), taxed at 15% on the way in. Non-concessional contributions can also be released but do not get the same benefit.
- Caps
- $15,000 of eligible contributions a year and $50,000 in total. Anything above is left in super.
- Earnings
- A deemed 4% a year on the running balance, not your fund’s actual return. The ATO uses the shortfall interest charge, which changes quarterly.
- Tax on release
- Your marginal rate including the Medicare levy, less the 30% FHSS tax offset.
- The comparison
- Saving the same gross amount in a bank account: taxed at your marginal rate on the way in, and again on the 4% interest each year.
This calculator is for general information only and is not financial or tax advice. Apply to the ATO for a determination before signing a contract, and check the current shortfall interest charge, which sets the earnings the ATO actually releases.
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