The First Home Super Saver Scheme

Hello and welcome back to the 360 Money Matters podcast! If you’re a first-time homebuyer that wants to break into the real estate market faster, then listen in on this episode! The biggest barrier for most first home buyers is usually the deposit that you need to put down on your first home. So enter this government initiative to help you accomplish just that.

The First Home Super Saver Scheme is a savings vehicle with tax benefits, helping a lot of first home buyers get started in real estate. In this episode, join us as we talk about the potential this plan has to work in your favour! We will help give you an understanding of how this scheme works, some of the benefits associated with this as well as some key things that you should consider before embarking on this strategy.

So be sure to join in on our conversation as we maximise your contributions and get you that first dream home!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Introduction to First Home Super Saver Scheme

• Requirements to be eligible

• Tax benefits that are available

• The restrictions on contributions & withdrawals

• Concrete examples of using the FHSS scheme

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