PHOTO: First Home Super Saver Scheme
FOR more than two months now, Aussie first home buyers have been able to dip into their super to pay for a house deposit.
But Australian Taxation Office figures reveal we’ve been slow to embrace the new First Home Super Saver Scheme (FHSSS), which was touted by then-Treasurer Scott Morrison as a way of giving first home buyers a “significant leg-up”.
From July 1, first home buyers have been able to withdraw voluntary superannuation contributions they’ve made since last July, along with a deemed rate of earnings, to help buy their home.
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