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First Home Super Saver Calculator (FHSS)

Build a year-by-year contribution record, apply the $15,000 annual and $50,000 lifetime limits, then estimate the maximum FHSS release and cash after release tax.

Published by GrowThenDraw Editorial Team · Editorial policy · Methodology & sources

Voluntary contributions by year

2022–23
$
$
2023–24
$
$
2024–25
$
$
2025–26
$
$
2026–27
$
$

Use the ordering shown by your contribution records or ATO determination.

$

Enter the ATO-determined amount; this is not your fund's actual investment return.

$
Estimated FHSS cash after release tax
$45,465
$46,500 estimated maximum release before tax
Eligible contributions
$50,000
85% concessional release
$42,500
Associated earnings
$4,000
Estimated release tax
$1,035
$7.5K$15K2023–24: $10,000 eligible concessional, $0 eligible non-concessional, $0 outside FHSS limits2024–25: $15,000 eligible concessional, $0 eligible non-concessional, $0 outside FHSS limits2025–26: $15,000 eligible concessional, $0 eligible non-concessional, $0 outside FHSS limits2026–27: $10,000 eligible concessional, $0 eligible non-concessional, $0 outside FHSS limits22–2323–2424–2525–2626–27
Eligible concessionalEligible non-concessionalOutside FHSS limits
Estimated cash after release tax: $45,465Estimated release tax: $1,035
Estimated cash after release taxEstimated release tax

FHSS contribution audit

YearEligible concessionalEligible after-taxOutside limitsReleasable
2022–23$0$0$0$0
2023–24$10,000$0$0$8,500
2024–25$15,000$0$0$12,750
2025–26$15,000$0$0$12,750
2026–27$10,000$0$0$8,500
Transparent and reproducible

Calculation audit trail

The opening example is calculated by the same engine used for live changes. It traces the contribution caps, releasable amount and estimated release tax instead of presenting an unexplained total.

Opening verification example

$50,000 of voluntary concessional contributions across the entered years, $4,000 of ATO-determined associated earnings and $90,000 of other taxable income in the release year.

Eligible contributions
$50,000
85% concessional amount
$42,500
Maximum release
$46,500
Assessable release amount
$46,500
Estimated release tax
$1,035
Estimated cash after tax
$45,465

Boundary checks maintained with the engine

  • The $15,000 annual limit and $50,000 lifetime limit are tested independently.
  • The 85% release percentage for eligible concessional contributions and 100% treatment of eligible after-tax contributions are kept separate.
  • Concessional-first and after-tax-first ordering are applied before the annual and lifetime limits.
  • ATO-determined associated earnings, assessable release income and the FHSS tax offset are calculated as separate steps.

Rule set reviewed 1 August 2026. Read the broader calculation methodology and the official ATO sources below.

FHSS limits contributions by year and in total

The scheme can count up to $15,000 of eligible voluntary contributions from any one financial year and up to $50,000 across all years. Compulsory employer contributions are not voluntary FHSS contributions and should not be entered.

The order of concessional and non-concessional contributions can matter when a year exceeds $15,000. The calculator lets you choose an ordering assumption, but your ATO determination is the authoritative record.

The release is not simply your account balance

A maximum FHSS release generally includes 85% of eligible concessional contributions, 100% of eligible non-concessional contributions and associated earnings calculated by the ATO. Actual fund investment performance is not used as the associated-earnings figure.

Enter the associated earnings from an ATO determination when you have one. A zero or illustrative amount is useful for planning but cannot reproduce a future determination.

Release tax uses your marginal rate and a 30% offset

The assessable FHSS release amount generally includes the releasable concessional contributions and associated earnings. A 30% tax offset applies. This page estimates the incremental resident income tax and Medicare levy from adding that assessable amount to other taxable income.

The estimate excludes withholding reconciliation, non-resident treatment, amendments, eligibility decisions and timing deadlines after a release request. Confirm those steps with the ATO before signing a property contract.

Frequently asked questions

How much can I contribute under FHSS each year?

Up to $15,000 of eligible voluntary contributions from a financial year can count, subject to the $50,000 total limit and the ordinary super contribution caps.

Can employer Super Guarantee contributions be released?

No. Compulsory employer contributions are not eligible voluntary FHSS contributions.

Why are only 85% of concessional contributions releasable?

The scheme applies the 85% release factor to eligible concessional contributions, reflecting contributions tax. Eligible non-concessional contributions use a 100% factor.

What are associated earnings?

They are an amount calculated by the ATO using the scheme's statutory method, not necessarily the investment return credited by your super fund.

Is the FHSS release tax-free?

Not completely. The assessable release amount is included in taxable income and receives a 30% tax offset. Actual withholding and assessment outcomes depend on your circumstances.

Rules verified 2 August 2026 against official Australian sources:

Educational estimate only—not financial, credit or tax advice. Confirm current rules, eligibility and account data with the ATO, your fund, lender or a licensed professional.