Author: KaraATO(Community Support)Community Support 3 July 2026
Hello @Confused30's,
When it comes to the Income Tax Return, the FHSS assessable released amount will need to be included in your tax return (supplement income section) as assessable income in the financial year you requested the release. You'll also need to include the FHSS withheld amount. At the end of the financial year, we'll send you a FHSS Payment summary which contains details about the FHSS assessable released amount and tax withheld amount which you'll need to include in your tax return.
Tax is worked out on your total taxable income (this includes the FHSS released amount). You receive a 30% tax offset on the FHSS amount, which reduces the tax payable on that portion of your income.
This means:
- the FHSS assessable released amount is added to your income
- tax is calculated at your marginal rate
- the 30% offset reduces the tax on that amount, and
- the withheld tax is credited (along with your PAYG withheld amount).
The final result (refund or amount owing) depends on your total income and tax already paid.
I’d recommend having a read through, the first home super saver scheme on our website and specifically, step 3: signings a contract for a home and notifying us. It provides advice on next steps after you’ve requested the release amount.
If you’re still unsure, you can phone our super line directly. If the person on the phone can’t provide answer in full, you can ask for the matter to be escalated off.
Thank you for the info. If this tax return has already been submitted, can it be amended to reflect these amounts which the tax agent did not include in the first submission?
I have tried phoning my super and unfortunately they weren’t much help in this regard. I suppose it comes down to what amendments I can make to reflect this amount and where or not there would be a tax benefit despite the amendments if that makes sense.
Author: KaraATO(Community Support)Community Support 7 July 2026
Hi @Confused30s,
The assessable FHSS released amount and any tax withheld are generally included in the tax return for the income year in which you requested the release. If this amount should have been included in your tax return and wasn't reported, you'd need to amend your return to include it.
If you're unsure whether you've reported the FHSS released amount correctly, we'd recommend phoning our super line. Before amending, I'd encourage you reading through the amendment process.
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