06 Jun 2019 Important changes to the First home super saver scheme
On 5 April 2019, the Treasury Laws Amendment (2019 Measures No 1) Bill 2019 passed into law.
The FHSS scheme allows you to save money for your first home inside your superannuation fund. This will help first home buyers save faster with the concessional tax treatment of super.
Changes to the First home super saver (FHSS) scheme come into effect on 1 July 2019.
However, these changes apply retrospectively to valid FHSS release requests and contracts entered into on or after 1 July 2018.
Read more about the new changes and the FHSS before and after the law change here.