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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…
The skinny
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