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Watch this if you want to know how you can use some of your eligible voluntary super contributions to help you buy your first home! ***** The First Home SUPER SAVER SCHEME [Contribute - Withdraw - Buy Your First Home] *The FHSS scheme allows you to save money for your first home in your super fund. *The scheme allows you to make voluntary contributions (both before-tax concessional and after-tax non-concessional) into your super fund to save for your first home. If you meet the eligibility requirements, you can have these voluntary contributions released, up to a limit, (along with associated earnings) to help you purchase your first home. For more info, watch full vid or visit https://www.ato.gov.au Chapters: 00:00 Introduction 00:28 What is the First Home Super Saver Scheme? 00:55 How does it work? 01:37 Tax Computation 02:37 Eligibility Criteria 03:05 What is a "Determination Letter" 04:28 How much to tax you? 04:56 Why you need a mortgage broker **Like and subscribe to our channel! / @willbellmortgagebroker Other relevant videos: • Australia‘s Help to Buy Scheme for First H... • Government HELP for FIRST HOMEBUYERS 2024:... • ULTIMATE GUIDE to Buying your FIRST HOME i... ------------------------------------------------ WILL BELL MORTGAGE BROKER Suite 1, 13-15 Thompson St., Frankston, VIC 3199 0448 111 046 [email protected] Visit our socials: *Official FB Page: / willbellmortgagebroker FB Communities: *First Home Buyers / firsthomebuyermelbourne *Personal Finance / mypersonaleconomy *IG: / willbellmortgagebroker ❓What is the maximum contribution to the first home super saver? ❓What is an example of a super saver scheme? ❓How does super saver work? ❓What is the first home saver account in Australia? ❓Can I withdraw voluntary super contributions? ❓How much super can I deposit? ❓Are super contributions tax deductible? #supersaverscheme #firsthomesupersaver #superannuation #helptobuy #helptobuyaustralia #anthonyalbanese #homeloans #homeloantips #homeloanextrapayment #finance #financetips #financehack #mortgage #mortgagebroker #MortgageBrokerFrankston #MortgageBrokerMelbourne