The First Home Super Saver Scheme

Did you know that you can use your super to save the deposit you need to buy your first home? Our short video explains more.

(2:48 minutes)

Watch now

More about the First Home Super Saver Scheme

Limits on the amount you can contribute

Even while you’re using your super to save for your home deposit, you need to keep annual caps in mind to make sure you don’t breach the limits.

(1:47 minutes)

Change your contributions to super

If you want to change the contributions you make to your super, complete the easy online form, receive the pdf to your inbox and forward to your payroll for actioning.

Protecting your new mortgage

As your life changes and responsibilities increase, think about whether your insurance is enough to cover what you or your family need if something happens to you and you can’t work anymore.

Read more about how to tell if you have enough insurance.

Protecting your new mortgage

Increasing your insurance

When you take out a mortgage on your home (or increase an existing mortgage), you can increase your Death and Total and Permanent Disability insurance without having to complete a medical questionnaire.

(49 seconds)

Increasing your insurance

Want to increase your insurance by one level without having to complete a detailed medical questionnaire? Complete this form within 12 months of taking out your mortgage.

Who will receive your super if you die?

No-one likes to think about it, but if you die, who will receive your super? You might be surprised to learn it won’t automatically be paid to your spouse or maybe not to your estate. You can choose who will receive it by making a nomination.

Read more about nominations on our Beneficiaries page.

Forms and other resources

Here are some of the forms and other resources that might help if you want to use your super to help you save for a deposit for the First Home Super Saver Scheme or if you want to learn more about the insurance you have through your super..

Want to access our other forms, pages and calculators? See the Resources/Forms page.

Vary your contributions

Complete this online form, receive the pdf and forward to your payroll team to start or change your contributions to super.

Make a binding death nomination

Nominate who will receive your super if you die.

Increase your insurance by one level

If you have gone through a specified life event (like buying a new home) in the last 12 months, you can increase your super without a medical questionnaire.

The ATO is the authority on the First Home Super Saver Scheme. They should be your first port of call with any questions about the scheme.

They will handle your application to withdraw your deposit from super, including calculating how much you can withdraw.

ato.gov.au

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