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Accessing the FHSS from a SMSF

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1. Firstly, could I ask:

 

My employer provides concessional contributions above the 9.5% superguarantee.

Could you advise whether these contributions would be eligible for the First Home Savers Scheme (FHSS).

 


2. My voluntary non-concessional contributions are supplied into a SMSF.


This is not currently linked with the MyGov web-portal; hence if I apply for the FHSS on-line the SMSF fund is not shown.

 

Can someone advise how to apply for the FHSS grant from a SMSF (or get the fund linked into the MyGov portal).

 

3.  This problem would also be solved if someone could advise if there is a non-online way to apply for the FHSS.

 

Kind regards.

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Hi @Phil123,

 

Sorry for the delay in our response.

 

The contributions you make towards the FHSS scheme must be voluntary contributions. Generally speaking, any compulsory super contributions your employer makes (e.g. as stated in an award, industrial agreement, or law) won’t be eligible for the scheme.

 

However, there may be some circumstances where your employer's additional contributions may be eligible for the FHSS scheme (for example, if you negotiated an individual employment contract with your employer).

 

If you’re unsure whether your contributions will be eligible contributions for the FHSS scheme, you can write to us for interpretive advice.

 

You can write to us at:

Australian Taxation Office
PO Box 3100
PENRITH NSW 2740

 

When you complete your FHSS scheme release request through our online services, a list of your super funds will be displayed.  If you want to release your FHSS amounts from your SMSF and your SMSF isn’t listed, you won’t be able to submit your release request through our online services.

 

However, you can call our Superannuation info line to submit your release request over the phone with one of our customer service representatives.

 

Thanks, NicM.

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ATO Certified

Community Support

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Hi @Phil123,

 

Sorry for the delay in our response.

 

The contributions you make towards the FHSS scheme must be voluntary contributions. Generally speaking, any compulsory super contributions your employer makes (e.g. as stated in an award, industrial agreement, or law) won’t be eligible for the scheme.

 

However, there may be some circumstances where your employer's additional contributions may be eligible for the FHSS scheme (for example, if you negotiated an individual employment contract with your employer).

 

If you’re unsure whether your contributions will be eligible contributions for the FHSS scheme, you can write to us for interpretive advice.

 

You can write to us at:

Australian Taxation Office
PO Box 3100
PENRITH NSW 2740

 

When you complete your FHSS scheme release request through our online services, a list of your super funds will be displayed.  If you want to release your FHSS amounts from your SMSF and your SMSF isn’t listed, you won’t be able to submit your release request through our online services.

 

However, you can call our Superannuation info line to submit your release request over the phone with one of our customer service representatives.

 

Thanks, NicM.