Hi, I'm seeking clarification regarding my eligibility for the First Home Super Saver (FHSS) Scheme.
I have entered into a contract to purchase land for my first home, and I want to ensure I still meet the eligibility criteria prior to making any FHSS contribution and withdrawals.
Specifically:
- I have paid a 10% deposit and signed a contract on untitled/unregistered land. Currently the land is untitled, unsettled and ownership has not been transferred to me as of yet.
Could you please clarify:
- As the land has not titled, not been settled and I have no registered ownership of it, am I still eligible to make contributions under the FHSS scheme and then make a determination prior to settlement and then request a withdrawal payment within 90 days after settlement and transfer of ownership of the land?
Thank you in advance for your assistance.
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