Calculate∑ What your result means
The FHSS scheme lets you make voluntary super contributions, taxed concessionally, that you can later withdraw (along with deemed earnings) to help fund a deposit on your first home.
Australia First Home Super Saver (FHSS) Calculator
Estimate how much you could release under the FHSS scheme to help fund your first home deposit.
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Verified for 2026-27Methodology 2026-27.1 · reviewed 2026-08-08 · review by 2027-06-01
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Compare scenarios
Change voluntary contribution per year to see how estimated usable release after withdrawal tax responds.
Understand your result
Clear context for the values above.
Estimated usable release after withdrawal tax
Estimated usable release after withdrawal tax is included so you can interpret this estimate and make a better-informed comparison.
Assessable FHSS release before withdrawal tax
Assessable FHSS release before withdrawal tax is included so you can interpret this estimate and make a better-informed comparison.
Estimated withdrawal tax
Estimated withdrawal tax is included so you can interpret this estimate and make a better-informed comparison.
Total contributions (after 15% tax)
Total contributions (after 15% tax) is included so you can interpret this estimate and make a better-informed comparison.
How to use this calculator
- 1Enter your current voluntary contribution per year, years contributing, fhss deemed earnings rate, expected marginal tax rate including medicare levy, inflation for today’s-money view.
- 2Review the headline estimated usable release after withdrawal tax and the supporting figures beside it.
- 3Change one input at a time to see which assumption has the biggest effect.
- 4Confirm current Australian rates and thresholds with an official source before acting.
Explore this calculator
What your result means →The headline estimated usable release after withdrawal tax is based on the inputs currently shown above.Key terms explained →Review the key terms and figures used to calculate this result.How to use this calculator →Enter your figures, review the live result, compare scenarios, then save or print your estimate.The calculation formula →The calculation follows the standard formula for this calculator. Results update whenever an input changes.Worked example →Using the current values produces $43,809.Assumptions and limitations →Review the assumptions used to produce this estimate before relying on it.Costs or factors not included →Review any costs, fees or rules not automatically included before making a decision.Frequently asked questions →How accurate is this estimate? What should I check before relying on it? Can I save or share the result?
▦ How this calculator works
Each year's voluntary contribution is capped at $15,000 (and cumulative contributions at $50,000 across all years), taxed at 15% inside super, then compounded forward at the ATO's deemed FHSS earnings rate for the number of years you contribute.
◇ Assumptions and what's not included
The ATO sets the deemed rate periodically and it can move. The result estimates withdrawal tax using the entered marginal rate less the 30% offset and shows purchasing power using your inflation assumption; actual withholding and fund timing can differ.
▤ What to do next
Use this to gauge roughly how much extra deposit the scheme could add, then check the current ATO deemed rate and confirm your eligibility (you must not have owned property in Australia before) before contributing.
Australia-specific contextFigures use AUD and current published rates and thresholds.
Reviewed for clarityUpdated 3 August 2026.
ImportantFor planning and educational use — not tax, legal or financial advice.
Your privacy mattersInputs stay in your browser.
Frequently asked questions
Is there really a cap on how much I can contribute?+
Yes — $15,000 per financial year and $50,000 in total across all years count towards the maximum that can be released under FHSS.
Do I pay tax when I withdraw the money?+
Withdrawn FHSS amounts are taxed at your marginal rate less a 30% offset, which is usually more favourable than saving outside super.
Can couples both use the FHSS scheme?+
Yes, each eligible person can use their own FHSS contributions and combine the released amounts towards a joint first home purchase.
What counts as the 'deemed earnings rate'?+
It's a rate set by the ATO (linked to the shortfall interest rate plus a margin) used to calculate associated earnings on your contributions — it isn't your fund's actual investment return.
Official references
Rules and thresholds used by this calculator are labelled for 2026–27 or formula-labelled period. Review the primary guidance before making a filing, borrowing, benefit or investment decision.
Last source review: 3 August 2026. Calculator results are estimates and may exclude circumstances described in the methodology.