FirstTech
FY25 Pocket Guide

Age Pension calculator

Super Topics

First Home Super Saver Scheme (FHSSS)

2024–25
What are FHSS eligible contributions?
FHSS eligible concessional contributions
voluntary employer contributions (e.g. salary sacrifice) made on or after 1 July 2017 voluntary personal deductible contributions made by the member on or after 1 July 2017	Counts toward the concessional contributions cap
FHSS eligible non-concessional contributions
voluntary non-concessional contributions made by the member on or after 1 July 2017	Counts toward the non-concessional contributions cap
FHSS eligible contributions permitted to be released
Eligible contributions made in a financial year	$15,000
Eligible contributions made in total	$50,000¹
FHSS maximum release amount
FHSS eligible non-concessional contributions	100%
FHSS eligible concessional contributions	85%
Associated earnings (calculated daily using the Shortfall Interest Charge (SIC))	SIC
Tax on assessable released amounts
Associated earnings and eligible concessional contributions that are released from super are taxed at the member’s marginal tax rate less a 30% tax offset

1	For determinations requested on or after 1 July 2022, the total maximum releasable contributions under the First Home Super Saver Scheme (FHSSS) has been increased from $30,000 to $50,000.

Downsizer contributions

2024–25 Downsizer contribution limit

Downsizer contributions are limited to the lesser of:

$300,000 per person, less any downsizer contributions already made to that person’s superannuation fund from the sale of the same main residence, or
an amount equal to all or part of the capital proceeds received by a person (and their spouse, if relevant) from the sale of a main residence, less any downsizer contributions already made in respect of that person (and their spouse, if relevant) from the sale of the same main residence.

From 1 January 2023, downsizer contributions can be made from the age of 55.