First Home Super Saver Scheme (FHSSS)
nounFirst Home Su·per Sav·er Schemepronounced FERST HOHM SOO-pər SAY-vər SKEEM
Last reviewed 16 April 2026
What does the noun First Home Super Saver Scheme (FHSSS) mean?
A federal scheme that allows you to withdraw eligible voluntary superannuation contributions to use as a home deposit, up to a maximum of $50,000. Contributions are taxed at 15% going in rather than your marginal rate, creating a tax saving.
How the noun First Home Super Saver Scheme (FHSSS) is used
By salary-sacrificing $15,000 a year into super through the First Home Super Saver Scheme, we saved a bigger deposit and paid less tax along the way.
Synonyms
FHSSS
Related words
Cite this entry
MLA citation: "First Home Super Saver Scheme (FHSSS)." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/first-home-super-saver-scheme-fhsss. Accessed 29 May 2026.
Chicago citation: How to Property. "First Home Super Saver Scheme (FHSSS)." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/first-home-super-saver-scheme-fhsss.
APA citation: How to Property. (2026, April 16). First Home Super Saver Scheme (FHSSS). https://howtoproperty.com.au/definitions/first-home-super-saver-scheme-fhsss