Chapter 3: Grants & Schemes | Support For First Home Buyers
IN THIS LESSON
Saving for a deposit is one of the biggest challenges for first home buyers. The First Home Super Saver Scheme is designed to help, but the rules can feel confusing.
In this episode, Jack Elliott and Chris Bates explain how the scheme works, who’s eligible, and the steps to contribute and withdraw. They also cover the potential tax benefits, timing traps to watch out for, and common mistakes first home buyers should avoid.
By the end, you’ll have a clear understanding of the key benefits and risks and whether the scheme could play a part in your deposit strategy.
In this episode:
🔑 What the First Home Super Saver is and how it works
🔑 Eligibility criteria and contribution limits
🔑 How to withdraw your savings and what to expect at tax time
🔑 The benefits and risks of using super to save for your deposit
🔑 Why timing matters before making contribution