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FHSS Follow Up

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Hi, I submitted a claim to release funds under FHSS about two weeks ago, and this morning I have been attempting to call to ask for a follow up on the progress of the release. How can I speak with someone about this, please?
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ATO Certified Response

Devotee Super Specialist

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Hi @Smith2019,

 

Once you have submitted your request to release your eligible FHSS scheme funds, the ATO will issue a release authority to your super fund(s) requesting they send your FHSS release amounts to them.

 

The ATO will then; withhold the appropriate amount of tax and offset the remaining amount against any outstanding Commonwealth debts if required.

 

In most cases, it will take between 15 and 25 business days for your fund to release your money and for the ATO to transfer funds into your nominated bank account.

 

You can find further information under Applying to release your savings on the ATO’s First Home Super Saver website.

 

Thanks,

Mark

1 REPLY 1
Highlighted

Most helpful response

ATO Certified Response

Devotee Super Specialist

Replies 0

Hi @Smith2019,

 

Once you have submitted your request to release your eligible FHSS scheme funds, the ATO will issue a release authority to your super fund(s) requesting they send your FHSS release amounts to them.

 

The ATO will then; withhold the appropriate amount of tax and offset the remaining amount against any outstanding Commonwealth debts if required.

 

In most cases, it will take between 15 and 25 business days for your fund to release your money and for the ATO to transfer funds into your nominated bank account.

 

You can find further information under Applying to release your savings on the ATO’s First Home Super Saver website.

 

Thanks,

Mark