Using Your Super to Buy a Home

The First Home Super Saver Scheme (FHSSS) helps Australians boost their savings for a first home by allowing them to build a deposit inside superannuation, giving them a tax cut. In this episode I give an overview as to how the scheme works, traps to watch out for and the best thing to do before deciding to use it.

For up to date information visit: https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/

 

*NOTE* A Notice of Intent needs to be submitted to the superfund that the contribution/s was/were made to and it needs to be acknowledged/actioned by the fund in order to claim personal super contributions as a tax deduction. For more information visit: https://www.ato.gov.au/forms/notice-of-intent-to-claim-or-vary-a-deduction-for-personal-super-contributions/

 

Sharing More Than The Sheets is a podcast show to help couples make better financial decisions so that they can focus on the things that they love. We cover financial topics such as budgeting and investing as well as fitness and lifestyle topics such as raising children and staying fit and healthy.

 

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All information contained in this podcast is general in nature and does not consider your individual circumstances. You should consider the appropriateness of this information with regards to your individual objectives, financial situation and needs.

 

Sharing More Than The Sheets is for educational purposes only. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. Past performance of financial products is no assurance of future performance. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. Michael Khouri is an Authorised Representative and Wealthness Pty Ltd ACN 613 313 250 t/a Better Financial Planning Australia is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL Licence No. 236523.