Fast track saving for your first home

What is the First Home Super Saver Scheme (FHSSS)?

The FHSSS was introduced by the Australian Government to help people save for their first home. You can now use your super account to save for a deposit, which will help you save faster.

Why use super to save for a home?

  1. 1Earn more money – money saved using the First Home Super Saver Scheme earns higher interest than you’d earn in a savings account. – 4.96% vs 1.5% p.a.1
  2. 2Save tax – super is taxed at 15%. Interest earned in a savings account is taxed on your personal income tax rate.
  3. 3Savings discipline – you can’t touch your contributed savings until you’re ready to buy a home.
1 As at June 2019 the earnings rate for First Home Super Saver Scheme withdrawals is 4.96%, which we compared to the RBA’s cash rate of 1.25%, which is assumed to be equal to the interest earned on a bank account.

How much can I save using super?

You can add up to $15,000 per financial year into your super account to go towards a deposit. The maximum amount you can save is $30,000 for your first home deposit.

How do I get started?

It’s easy to start saving, all you need to do is:
  1. 1Join Professional Super and add your TFN
  2. 2Click on “My personal contributions” from the menu to find your payment details
  3. 3Log into your online banking and use the payment details to make a transfer.

Transparent. Simple. Organised. The way super should be.

Professional Super is built for young professionals balancing a career and social life while trying to save for the future.
We keep things simple:
  • We’ll help you save for your first home with the First Home Super Saver Scheme
  • Your money is professionally invested in a diversified range of assets
  • Keep track of your funds with our fully featured app
  • We can help you find and combine old super account balances
  • With discounted fees for balances under $5,000
Give your first home deposit a boost.
Join Professional Super today!
Find more information about the First Home Super Saver Scheme here.

Here's what our members are saying

I love the app. It’s simple and easy to use, letting me see how I'm tracking and watch my savings grow.
Dave S.
I love the app. It’s simple and easy to use, letting me see how I'm tracking and watch my savings grow.
Dave S.

Start saving for your first home today with Professional Super!

ABN 34 300 938 877
USI 34300938877006

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This is general information only and does not take account of your individual investment objectives, financial situation or needs. Before acting on it, consider if the information is appropriate and whether you need to speak to an accredited professional.

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