I am looking at purchasing property this financial year. If I contribute $15,000 to my super (being the yearly cap) and then buy a property within this financial year (therefore withdrawing the funds) can I still claim the $15,000 contribution as part of my tax return this year?
Hi @BellaN,
Yes, you can claim the $15,000 personal super contribution as a tax deduction in your tax return for this financial year, even if you later withdraw it under the FHSS scheme.
When you make a personal contribution and lodge a valid notice of intent to claim a deduction with your super fund, that amount becomes a concessional contribution. It’s taxed at 15% in your fund and counts towards your concessional contributions cap.
The timing of the FHSS withdrawal doesn’t affect your ability to claim the deduction, as long as the notice of intent is lodged and acknowledged by your fund before you request the FHSS release and before you lodge your tax return.
Under FHSS, you can withdraw up to 85% of your eligible concessional contributions. When the amount is released, it’s included in your assessable income, and you’ll receive a 30% tax offset. This means you’ll still benefit from the deduction, but the released amount will also be taxed when it comes out.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
84 views
1 replies