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First Home Super Saver (FHSS) Calculator

Calculate how much you can save using the First Home Super Saver Scheme (FHSS). See your tax savings, release amount vs a regular savings account.

Last reviewed 15 August 2026

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When to use this calculator

  • Before buying, renting, refinancing or reviewing a property investment.
  • When you want to compare cash flow, tax, yield or ownership costs.
  • When you need a fast estimate before speaking to an agent, lender or adviser.
  • When you want to see how a rate or price change moves the result.

A realistic Australia planning example

Use these sample inputs as a quick scenario test, then change one variable at a time to compare outcomes.

A realistic Australia planning example
InputValue
Annual Gross Salary (A$)A$80,000
Annual Voluntary Super Contributions (A$)A$250 per month
Years of Saving1 year
Marginal Tax Rate15% ($18,201–$45,000)

After entering these figures, review total contributions, estimated release amount and tax saving vs regular savings together rather than in isolation. Then rerun the tool with one input adjusted.

How to read your results

Total Contributions

The headline outcome of this calculation. It is most useful when read alongside the supporting metrics rather than in isolation.

Estimated Release Amount

The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.

Tax Saving vs Regular Savings

Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.

Extra vs Saving Outside Super

The figure produced by this output for the inputs you entered. Change one variable at a time if you want to see what drives it.

Contributions Tax Paid

Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.

Common mistakes

  • !Using an assumption that is not supported by a current local quote, bill, statement or official source.
  • !Treating a generic estimate as a lender, provider, payroll or tax authority decision.
  • !Mixing monthly and annual inputs without converting them consistently.
  • !Testing only one scenario instead of checking how a cautious assumption changes the result.

What to do next

  • Run a second scenario with a cautious assumption so you can see the downside clearly.
  • Compare the result with the related calculators below before making a decision.
  • Check current local rules, eligibility and provider terms before applying or committing money.
  • Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.

Frequently asked

The FHSS Scheme allows first home buyers in Australia to make voluntary super contributions and later withdraw them to use as a house deposit. Contributions are taxed at just 15% inside super, compared to your marginal income tax rate, which can be as high as 45%. The scheme is administered by the ATO and is available to eligible first home buyers who have never owned property in Australia.

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