Hi ATO Community,
I’m planning to use the First Home Super Saver Scheme (FHSSS) to assist with the deposit on my first home and would appreciate your confirmation on my eligibility based on the following scenario:
In January 2026, I plan to make a $15,000 voluntary contribution into my super fund (Australian Food Super).
In July 2026, I plan to make a second $15,000 voluntary contribution.
Also I already sign the contract sign for the untitled land, but I will not acquire legal ownership (title) until April 2027.
I plan to apply for FHSS release around March 2027, before the land settles.
I will sign a construction contract of my first home either shortly before or immediately after settlement, and I intend to live in the home.
Could you please confirm the following:
- Does signing the land contract before title settlement affect my eligibility for FHSS release, given that I won’t legally own the land until 2027?
- Is it acceptable to apply for FHSS determination before the title settles, as long as ownership has not yet transferred?
I greatly appreciate your help in confirming that I am following the FHSS rules correctly before proceeding with my financial and property plans.
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