Concessional tax treatment
Before-tax contributions are generally taxed at 15%
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How Carly saved an extra $7,351 with the FHSS scheme
Carly contributed $6,000 per year to her super under the FHSS | After 5 years of contributing via FHSS, she saves $26,940 | By saving via the FHSS, she saves an additional $7,351 to put towards her deposit |
Extra contribution (using salary sacrifice) | Savings account | |
Year 1 | $4,866 | $3,841 |
Year 3 | $15,231 | $11,576 |
Year 5 | $26,940 | $19,588 |