Author: KaraATO(Community Support)Community Support 27 May 2026
Hi @prosciutto,
The assessable FHSS amount is taxed, not the full amount you receive. You can also withdraw associated earnings along with your contributions.
When you withdraw, the amount includes your eligible contributions and deemed earnings. Deemed earnings are calculated using a set rate and may differ from your actual super fund earnings. Your FHSS determination will show the maximum amount you can withdraw, including these earnings.
The withdrawal is taxed. We withhold tax from your assessable FHSS released amount before you receive it. The withholding tax rate is between 0% and 17%. It’s based on your estimated marginal tax rate (plus Medicare levy) minus a 30% FHSS tax offset. If we can’t estimate your marginal rate, we’ll use 17%.
In your example, you contributed $40,000, and it grew to $45,000. You can withdraw your eligible contributions plus the deemed earnings we calculate. The deemed earnings won’t match the actual $5,000 growth.
Based on annual and total limits, you can withdraw:
- 100% of your eligible personal voluntary super contributions (not claimed as a tax deduction)
- 85% of your eligible salary sacrifice contributions
- 85% of your eligible personal voluntary super contributions (if claimed as a tax deduction)
- Deemed earnings on the contributions above.
The assessable FHSS released amount is included as income in your tax return for the year you request the release. You’ll get a payment summary showing this amount and the tax withheld. Check that the pre-filled FHSS amounts in your tax return match the payment summary.
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