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GuyL2023(Newbie)Newbie
6 Jan 2023

I need a little bit of clarification with the rules for this scheme as my accountant seemed to have a different understanding than what I did.


I voluntarily contributed 15k (after tax) contributions into my super in the 2021-22 financial year. I am now in the process of voluntarily contributing another 15k (after tax) into my super for the 2022-23 financial year.


I was under the impression that for the determination that I could then withdraw all 30k in one go (I know it could be slightly different for earnings etc). However my accountant today said that I would only be able to withdraw 15k at a time and would need to withdraw one 15k amount before the end of this financial year, and then withdraw the last 15k at the beginning of next financial year.


Could somebody please explain what I am allowed to do / how it works.

Thanks :)

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JodieR_ATO(Community Support)Community Support
12 Jan 2023

Hi @GuyL2023,


If you've contributed $15,000 personal voluntary contributions in each of the 2022 and 2023 financial years, you're correct, you can request up to $30,000 in your First Home Super Saver (FHSS) determination in one request.


You can also request more than one FHSS determination before you sign a contract to buy or build your home, but you can only request a release once.


For FHSS purposes, the amount of eligible contributions that can count towards your maximum releasable amount across all years is $50,000. The amount of eligible contributions that can count towards your FHSS maximum releasable amount for each financial year is $15,000, before adding the associated earnings.


If you claim a tax deduction for the post tax contributions and lodge a notice of intent with your super fund or make other salary sacrifice contributions, 85% of the contributions will count towards your maximum release amount. You can find out more information about making your contributions to your super fund here.


Remember, when requesting a FHSS determination you must:

  • only include eligible contributions in your request for a FHSS determination
  • use the date the contribution was received by your super fund
  • use your super statement or super fund transaction list to confirm the dates, amounts and contribution type
  • not use information on your payslips to complete your request for a FHSS determination.

I encourage you to read through our First Home Super Saver Scheme Essentials and our FHSS article we've put together for more handy information.

All replies

Most helpful reply

JodieR_ATO(Community Support)Community Support
12 Jan 2023

Hi @GuyL2023,


If you've contributed $15,000 personal voluntary contributions in each of the 2022 and 2023 financial years, you're correct, you can request up to $30,000 in your First Home Super Saver (FHSS) determination in one request.


You can also request more than one FHSS determination before you sign a contract to buy or build your home, but you can only request a release once.


For FHSS purposes, the amount of eligible contributions that can count towards your maximum releasable amount across all years is $50,000. The amount of eligible contributions that can count towards your FHSS maximum releasable amount for each financial year is $15,000, before adding the associated earnings.


If you claim a tax deduction for the post tax contributions and lodge a notice of intent with your super fund or make other salary sacrifice contributions, 85% of the contributions will count towards your maximum release amount. You can find out more information about making your contributions to your super fund here.


Remember, when requesting a FHSS determination you must:

  • only include eligible contributions in your request for a FHSS determination
  • use the date the contribution was received by your super fund
  • use your super statement or super fund transaction list to confirm the dates, amounts and contribution type
  • not use information on your payslips to complete your request for a FHSS determination.

I encourage you to read through our First Home Super Saver Scheme Essentials and our FHSS article we've put together for more handy information.

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