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FHSS release timing

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Hello,
I have been contributing to the FHSS via salary sacrifice into my super account.
My partner has already released his funds. We have suddenly stumbled upon a house that we love, and want to make an offer. Does my FHSS release have to be used for the initial deposit? Or can I apply it at the 30 day settlement date if our offer is accepted?
Also, my employer contributes my super monthly, so some of my contributions haven't been added yet. Do they just have to stay in my super account now?
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Most helpful response

Community Moderator

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Hi @Bethk12,

 

You can use the money to pay for either.

 

The important requirement is that  you apply for and receive a FHSS determination from us before signing a contract for your first home or applying for release of your FHSS amounts.

 

Check out the important things you should know.

 

Thanks

 

KylieS

1 REPLY 1

Most helpful response

Community Moderator

Replies 0

Hi @Bethk12,

 

You can use the money to pay for either.

 

The important requirement is that  you apply for and receive a FHSS determination from us before signing a contract for your first home or applying for release of your FHSS amounts.

 

Check out the important things you should know.

 

Thanks

 

KylieS