Did you know that the Australian Government has set up an initiative that allows you to save money for your first home inside your superannuation fund?

The 2017-2018 Federal Budget introduced the First Home Super Saver (FHSS) scheme which allows you to make voluntary contributions or set up salary sacrificing arrangements, with the aim of helping you save faster with concessional tax treatment within super. Contributions can then be released (with additional earnings) to put towards your deposit for your first home.

For more information and eligibility requirements visit the ATO website

https://www.ato.gov.au/Individuals/Super/Super-housing-measures/First-Home-Super-Saver-Scheme/