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Build contract before requesting release of FHSSS

Newbie

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Replies 1

Can I sign a build contract before requesting release of FHSSS?
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Most helpful response

ATO Certified Response

Community Moderator

Replies 0

Hi @Justice8511

 

Thanks for your post.

 

You can request your FHSS release within 14 days of signing your home construction contract, but you need to make sure you have requested a FHSS determination before you sign.

 

For more information about applying to release your savings, have a look at the first home super saver scheme page on our website.

 

If you don't request your FHSS determination before you sign the contract, you will no longer be eligible to request a FHSS release. In turn, you won't be able to access the voluntary contributions you made.

 

Good luck with it.

 

Thanks, ChrisR

1 REPLY 1

Most helpful response

ATO Certified Response

Community Moderator

Replies 0

Hi @Justice8511

 

Thanks for your post.

 

You can request your FHSS release within 14 days of signing your home construction contract, but you need to make sure you have requested a FHSS determination before you sign.

 

For more information about applying to release your savings, have a look at the first home super saver scheme page on our website.

 

If you don't request your FHSS determination before you sign the contract, you will no longer be eligible to request a FHSS release. In turn, you won't be able to access the voluntary contributions you made.

 

Good luck with it.

 

Thanks, ChrisR