The First Home SUPER SAVER SCHEME [Contribute - Withdraw - Buy Your First Home]

Watch this if you want to know how you can use some of your eligible voluntary super contributions to help you buy your first home!
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The First Home SUPER SAVER SCHEME [Contribute - Withdraw - Buy Your First Home]
*The FHSS scheme allows you to save money for your first home in your super fund.
*The scheme allows you to make voluntary contributions (both before-tax concessional and after-tax non-concessional) into your super fund to save for your first home. If you meet the eligibility requirements, you can have these voluntary contributions released, up to a limit, (along with associated earnings) to help you purchase your first home.
For more info, watch full vid or visit www.ato.gov.au
Chapters:
00:00 Introduction
00:28 What is the First Home Super Saver Scheme?
00:55 How does it work?
01:37 Tax Computation
02:37 Eligibility Criteria
03:05 What is a "Determination Letter"
04:28 How much to tax you?
04:56 Why you need a mortgage broker
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❓What is the maximum contribution to the first home super saver?
❓What is an example of a super saver scheme?
❓How does super saver work?
❓What is the first home saver account in Australia?
❓Can I withdraw voluntary super contributions?
❓How much super can I deposit?
❓Are super contributions tax deductible?
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[@willbellmortgagebroker]

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[@omerabdulhai4627]

Wow didn’t know it was taxed on the way out. Thanks for this info. Just to clarify, it’s taxed 15% on the way in and 15% when withdrawn (total 30%)?