First Home Super Saver Calculator
How much of your voluntary super contributions you can release for a first home deposit under the FHSS scheme, and the tax on it.
Result
Released to you after tax: A$29,615.76Estimate
Deemed earnings are worked out by the ATO from the dates of each contribution; this is an estimate. Your fund’s actual returns don’t matter.
- Maximum release before tax
- A$29,914.05Estimate
- Deemed earnings
- A$2,164.05Estimate
- Taxable part
- A$14,914.05Estimate
- Tax on the release
- A$298.28Estimate
https://calcgallery.com/home-buying/fhss-calculator/
Results are arithmetic from the figures you enter, not legal, tax, lending or settlement advice. Fees vary by state, lender and negotiation, and the site quotes none of them. Check your Loan Estimate, Closing Disclosure or settlement statement for the real numbers. Read the full disclaimer
How to use the First Home Super Saver Calculator
- Enter the voluntary after-tax contributions you made toward a first home, and any voluntary concessional ones, such as salary sacrifice.
- Enter how many years they were spread over, since each year counts at most $15,000.
- Enter your marginal tax rate plus the Medicare levy, for example 32% on income between $45,001 and $135,000.
- Read the maximum release, the tax and what reaches you.
The calculation
release = after-tax contributions + 85% × concessional contributions (at most $15,000 a year, $50,000 in all) + deemed earningstaxable = 85% × concessional contributions + deemed earningstax = taxable × (marginal rate + Medicare − 30%), not below zeroto you = release − taxYou have to request a determination from the ATO before signing a contract, and you then have 12 months to buy.
With your numbers
- Non-concessional contributions come back in full, concessional ones at 85%, plus deemed earnings
- The concessional part and earnings are taxed at your marginal rate less a 30% offset
Quick reference
Deemed earnings are worked out by the ATO from the dates of each contribution; this is an estimate. Your fund’s actual returns don’t matter.
| Example | Released to you after tax |
|---|---|
| $15,000 each, 2 years | A$29,615.76 |
| $5,000 and $10,000, 1 year | A$13,836.18 |
| $50,000 after tax, 4 years | A$57,940.39 |
| $30,000 salary sacrifice, 2 years | A$25,014.61 |
| $10,000 after tax, 1 year | A$10,382.60 |
| $20,000 each, 4 years | A$42,535.89 |
Where the numbers come from
The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked
4 sources
ATO, First home super saver scheme: release amounts, https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/withdrawing-and-using-your-super/early-access-to-super/first-home-super-saver-scheme/about-fhss-release-amounts: "$15,000 of total contributions made in any single financial year"
Used for
- FHSS: eligible voluntary contributions counted per financial year.
ATO, First home super saver scheme: release amounts, https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/withdrawing-and-using-your-super/early-access-to-super/first-home-super-saver-scheme/about-fhss-release-amounts
Used for
- FHSS: eligible contributions counted in total.
- FHSS: share of concessional contributions that can be released.
ATO, Shortfall interest charge rates, https://www.ato.gov.au/tax-rates-and-codes/shortfall-interest-charge-rates: 7.51% a year
Used for
- Shortfall interest charge rate, October to December 2026, used for FHSS deemed earnings.
ATO, FHSS step 5: "non-refundable tax offset … (being 30%)"
Used for
- FHSS: tax offset on the assessable released amount.
Common questions about the First Home Super Saver Calculator
- How does the First Home Super Saver scheme work?
- You make voluntary contributions to super, then ask the ATO to release them, with deemed earnings, to buy your first home. Contributions taxed at 15% in super can be cheaper than saving from after-tax pay.
- How much can be released?
- Eligible contributions of up to $15,000 a financial year and $50,000 in total. All of your after-tax contributions count, but only 85% of concessional ones, because the fund has already paid 15% tax on them. Deemed earnings are added on top.
- How are the earnings worked out?
- Not from your fund's actual returns. The ATO deems earnings at the shortfall interest charge rate, compounding daily, which is 7.51% a year for October to December 2026. The page estimates them for contributions held, on average, half the period.
- How is the release taxed?
- The concessional part and the earnings are taxed at your marginal rate, less a 30% non-refundable offset. The after-tax contributions come back tax-free. At a 32% rate, the tax is 2% of the taxable part.