Understanding the FHSS Tax Saving Estimator
The First Home Super Saver (FHSS) scheme allows you to save for a home deposit within your Super fund, taking advantage of the lower 15% tax rate on contributions versus your marginal tax rate.
Frequently Asked Questions
Our calculators use current Australian tax rates (2024-25) and standard financial formulas. However, they should be used as a guide only. Factors like specific tax offsets, HECS debts, and bank-specific fees may vary your actual result.
Yes, where relevant, we include the 15% superannuation contribution tax and current Medicare Levy (2%) in our logic to ensure the estimates are as realistic as possible for the Australian context.