One of the biggest hurdles for prospective first home buyers is saving an adequate deposit to purchase their first home. Saving an adequate deposit can often take considerable time and effort due to current housing prices, wage growth and living costs.
In recognition of this, from 1 July 2018, the First Home Super Saver Scheme (FHSSS) will allow eligible prospective first home buyers to withdraw an amount of voluntary superannuation contributions, and associated earnings, to assist with the purchase or construction of their first home.
As always, here's a lovely general disclaimer .... This video is provided for general education purposes only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances.