Australia FHSS Calculator
Calculate how much you can release from super under the First Home Super Saver scheme and the tax on the release.
What is this tool?
The First Home Super Saver scheme lets you withdraw voluntary super contributions (and associated earnings) to buy a first home. You can release up to $50,000 in total (a maximum of $15,000 from any one financial year). Only 85% of concessional contributions are released; the amount is taxed at your marginal rate with a 30% tax offset.How it works
Enter your concessional and non-concessional voluntary contributions and your marginal tax rate. The tool works out the release and the tax.Release limits and how they apply
You can release a maximum of $50,000 in total, and no more than $15,000 of voluntary contributions made in any single financial year. Only 85% of the eligible concessional contributions are released (the 15% withheld covers contributions tax); non-concessional contributions are released in full. This calculator caps the contributions it counts at both limits, using the number of financial years you enter.
| Limit | Amount |
|---|---|
| Total releasable | $50,000 |
| Per financial year | $15,000 |
| Concessional released | 85% of eligible contributions |
| Non-concessional released | 100% |
| Associated earnings | Assessable like concessional contributions (not modelled here) |
How the release is taxed
The ATO includes the assessable FHSS released amount in your income for the year you request the release. That assessable amount is the released concessional contributions plus associated earnings; non-concessional contributions are not assessable and are released tax-free. You then receive a tax offset of 30% of the assessable amount, so the concessional part is effectively taxed at your marginal rate plus the 2% Medicare levy, less 30%. Associated earnings are taxed on the same basis — not at 15%.
| Portion | Tax treatment |
|---|---|
| Concessional (85% released) | Assessable: marginal rate + Medicare levy, less a 30% offset |
| Non-concessional (100% released) | Not assessable — released tax-free |
| Associated earnings | Assessable on the same basis as concessional (not modelled here) |
The ATO withholds tax from the payment (using your estimated marginal rate, or 17% if it cannot estimate one) and reconciles it when you lodge your return. This tool models the contributions and the 30% offset only; it does not add the Medicare levy or any associated earnings.
How to use
- Enter concessional contributions.
- Enter non-concessional contributions.
- Enter marginal rate, then Calculate.
Frequently Asked Questions
What is the cap?
You can release up to $50,000 in total, and no more than $15,000 from any single financial year of contributions.
Why only 85% of concessional?
The ATO assumes 15% tax was already paid inside super on concessional contributions, so only 85% is released.
How is it taxed?
The released amount is added to your income for the release year and taxed at your marginal rate, with a 30% tax offset.
This tool is for informational purposes only and does not constitute financial advice. Consult a qualified financial professional for advice specific to your situation.
Tips & Advice
This is an estimate. Associated investment earnings are also released and, like the concessional portion, are added to your assessable income and taxed at your marginal rate less the 30% offset (not modelled here). Withdraw within 12 months of requesting, and use it for your first home.Related Tools
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Sources & References
Last reviewed: September 2026.
- Australian Taxation Office – First home super saver scheme.
Limitations
Applies the $15,000 annual and $50,000 lifetime FHSS caps, releases 85% of eligible concessional contributions plus 100% of eligible non-concessional contributions, and taxes the released amount at the individual’s marginal rate less a 30% offset — associated earnings and concessional amounts are assessable, non-concessional amounts are not. It does not model the ATO’s associated-earnings determination, contribution caps, Division 293 tax, or the ordering rules between the two contribution types.