Tools · 2025-26 figures

First Home Super Saver calculator

The FHSS scheme lets you save a deposit inside super, taxed at 15% on the way in instead of your marginal rate. This works out how much more you end up with than putting the same pay in a savings account. Free, no sign-up, and every assumption is on the page.

Salary, per year. Sets your marginal rate and your super guarantee.

$/yr

Voluntary, before tax. The scheme counts up to $15,000 a year.

$/yr
years
Assumptions you can change

The ATO's shortfall interest charge rate, set each quarter. Not your fund's return.

% p.a.
% p.a.

Extra deposit from the scheme

$6,860

Over 3 years of contributing, compared with saving the same pay after tax.

Released for your deposit

$28,534

After $582 withdrawal tax, at your marginal rate of 32% less the 30% offset.

Saved in a bank instead

$21,674

The same $10,000 a year, taxed as pay, interest taxed too.

Counted by the scheme

$30,000

Under the $15,000 a year and $50,000 total caps.

An estimate for planning, not advice. It assumes contributions at the start of each financial year, release at the end of the last, and no carry-forward of unused concessional cap. It ignores Division 293 tax on incomes over $250,000 and any fees your fund charges. Check the current figures on the ATO's FHSS page and talk to your fund before you salary sacrifice.

How the scheme works

Four steps, and one deadline that catches people.

  1. 01

    Contribute

    Ask your employer to salary sacrifice, or make a personal contribution and claim it. Only voluntary contributions count, up to $15,000 a year and $50,000 in total.

  2. 02

    It's taxed at 15%

    Inside the fund, instead of your marginal rate. That gap is where most of the benefit comes from.

  3. 03

    Ask for a determination

    Before you sign a contract, request an FHSS determination from the ATO, then a release. The money arrives in a few weeks.

  4. 04

    Buy within 12 months

    You must sign a contract within 12 months of the release (extendable once), or put the money back into super, or pay FHSS tax on it.

The 2025-26 figures

What this calculator uses.

Annual FHSS cap
$15,000
Total FHSS cap
$50,000
Contributions tax
15%
Withdrawal tax offset
30%
Super guarantee
12% from 1 July 2025
Concessional cap
$30,000
Deemed earnings (SIC)
6.78% p.a., July to September 2025 quarter
Tax brackets
2025-26 resident rates plus the 2% Medicare levy

The government help chapter of the guide covers the First Home Guarantee, stamp duty concessions and the grants in each state alongside this scheme. Open the guide