First Home Super Saver (FHSS) Scheme

Who qualifies for the scheme?

There are some restrictions to help ensure help is only available to people genuinely saving for a first home. To qualify, participants need to:

• Be aged 18 years or older;
• Have not previously owned a home, including vacant land or investment properties (some hardship exceptions apply); and
• Have not previously requested the release of contributions under the scheme. 

What contributions are ineligible?

The following contributions are not eligible for withdrawal under the FHSS scheme:

• SG contributions and amounts that reduce an employer's liability for the superannuation guarantee charge
• amounts required to be made by an employer under an industrial agreement (such as an enterprise agreement or an award)
• any contributions required to be paid under the Local Government Act (Qld) or Brighter Super's trust deed
• member contributions made in respect of you by another person (such as a friend, spouse or other family member)
• Government co-contributions
• contributions that relate to structured settlements or orders for personal injuries
• certain CGT-related payments to the extent they do not exceed your CGT cap amount when made
• amounts paid due to a contributions splitting arrangement
• excess concessional and non-concessional contributions

Your savings (the eligible contributions) plus associated earnings can be withdrawn to purchase a home from 1 July 2018. 

Queensland local government employees: Standard member contributions of 6% paid by eligible Queensland local government employees are not eligible for the scheme.