First Home Super Saver Scheme
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- Опубликовано: 24 июл 2024
- WARNING: THERE HAS BEEN CHANGES TO THE LEGISLATION SINCE THIS VIDEO WAS CREATED.
If you are a first home buyer, struggling to save a deposit, then you should consider the First Home Buyer Super Saver scheme. This scheme helps you build a bigger deposit quicker, using your superannuation.
In this video, I explain exactly how the scheme works, outline the pros and cons, and help you to determine if it is suitable for you.
Website:
guidedinvestor.com.au
Facebook:
guidedinvestor
#investgrowrest #firsthomesupersaver #firsthomebuyer
Great tips! 👍For me, it was finding the right house to buy. So many options to choose from.
Yep, me too. Spent weekends searching but you know when you find the right one
Thanks for breaking it down man, much appreciated!
My pleasure Roy!
I found this to be a very informative video. I did however want to flag a potential issue for people that my husband and I have come across with the scheme. If your employer pays your super quarterly, you will either need to stop salary sacrificing at the end of March or get them to process your last quarter in June before the end of the FY otherwise it will get attributed to the wrong financial year. My husband and I have essentially lost $11,000 (locked up until we retire) as we couldn't pull it out via this scheme as the last quarter was processed in July and both our super company and the ATO won't recognise that it was attributed to last financial year! I'd highly recommend you speak with an accountant (if you are planning to salary sacrifice & do personal contributions over multiple years) so you don't get stung like we did.
Great tips, great video!
Thank you!
Great video Brad!
Thanks Damon!
great vid man! so true aha - look very professional - keep it up :)
what happens if in the financial year you withdraw the money contributed to super for the FHSS scheme, this amount + your normal wage takes you up a tax bracket? Will your regular wage be taxed at the higher rate, or will it be the money under the scheme (-30 percent)?
If you are first home buyer, what is it about buying your first house that you find difficult?
It's a right!! Haha good stuff, mate. Great video
Amazing channel! New friend here😁👍🏽
Hey, I've just started this scheme and am hoping to get the maximum out of it that I can this year!
Quick question,
When it says $15,000 a year is that before or after the 15% tax? The 15% will make it $12,750 after I pull it out, or do I save $18000 a year and get $15000 out after the 15% is taken off
thankyou!
Hey mate, the $15,000 a year is before the 15% tax. Good luck with it!
@@GuidedInvestor legend thankyou, very happy I asked before donating extra to my super haha
Are you certain its a $15k in deposit cap or $15k a year withdrawal cap? ATO says its $25k deposit cap and a $15k withdrawal cap. I am just trying to understand if that means I can save $15k + 15% tax each year?
Hi Ali, I think you are confusing the concessional contributions cap limit with the FHSS limit....
I hope this is not a silly question but, can I put in $15,000 from my savings into my Super and get any benefit from this scheme?
That's a good question and yes you can
Guided Investor Thanks so much ;)