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In your Financial Independence Retire Early (FIRE) travels, you may have heard of the First Home Super Saver Scheme. To oversimplify, it’s a government plan which allows you to channel some of your superannuation towards your first home deposit.

If you’ve been lamenting the costs of real estate lately, the FHSSS may appeal to you. But is it a worthwhile avenue for buying your first address?

In this session, Dave (Strong Money Australia) and Hayden (co-founder of Pearler) will be making sense of the First Home Super Saver Scheme. During their chat, they discuss how it works, its pros and cons, and who they believe it’s best suited for. With any luck, this episode will help you understand the Scheme, and decide on whether it’s right for you.

Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

13. Using super to buy a home quicker

Aussie FIRE | Financial Independence Retire Early