First Home Super Saver Scheme
Course Details
Description
Buying your first home in Australia can be challenging due to rising property prices, high deposit requirements, and the increasing cost of living. Many first-home buyers struggle to accumulate sufficient savings for a deposit while managing everyday expenses. The First Home Super Saver Scheme (FHSSS) is a government initiative designed to assist individuals in overcoming these financial barriers by leveraging the concessional tax benefits of the superannuation system.
Our online, self-paced course on the First Home Super Saver Scheme provides a comprehensive understanding of how this scheme works, its eligibility criteria, and how it can help first-home buyers save efficiently. The course is designed to equip learners with the knowledge required to maximise their savings, calculate associated earnings, and understand tax implications when withdrawing funds under the scheme.
The First Home Super Saver Scheme applies to certain voluntary super contributions made from 1 July 2017, which can be withdrawn for purchasing a first home from 1 July 2018 onwards. This course delves into key aspects such as making eligible contributions, the order in which contributions are counted, taxation rules, and the responsibilities of individuals after receiving the released amounts.
This First Home Super Saver Scheme course is ideal for:
- First-home buyers – Individuals looking to purchase their first home and wanting to maximise savings through the First Home Super Saver Scheme.
- Financial planners and advisors – Professionals providing financial guidance to clients on tax-effective home savings strategies.
- Mortgage brokers – Experts assisting first-home buyers in structuring their home financing and understanding savings options.
- Superannuation and tax professionals – Industry professionals advising on superannuation contributions, withdrawals, and taxation.
- Real estate professionals – Agents and property consultants who want to provide clients with informed insights into government-backed home-buying schemes.
- University students and finance enthusiasts – Individuals interested in personal finance, taxation, and real estate investment.
By enrolling in this course, you will gain valuable insights into how the First Home Super Saver Scheme can provide a tax-effective strategy for building your home deposit.
Estimated Time To Complete
Learning Outcomes
By the end of this course, you will be able to
