First Home Super Saver case study - BUSSQ

First Home Super Saver case study

This case study will help you understand how Matt and Jenny reduced their take home pay by $310 per week to save a $42,350 deposit in two years with the First Home Super Saver Scheme.

Matt and his partner Jenny are looking at ways to get into the property market and have decided to save for a home using the First Home Super Saver Scheme.  

Matt works on construction jobs and earns $75,000 a year plus higher than normal super contributions from his employer.  Jenny works full time earning $70,000 plus the normal super contributions.  

After receiving some advice, they have decided to commence salary sacrificing into super for their dream home which they hope to purchase in two years.  

Matt will salary sacrifice $10,000 a year into super and Jenny will salary sacrifice just under $15,000 a year from her income into super.  

This will see their combined take home pay go from $2,151 per week down to $1,842 per week, a reduction of $310. Details on how salary sacrifice impacts Matt and Jenny’s pay can be seen in the below table.

In two years’ time when they plan to purchase their first home Matt and Jenny will be able to withdraw the contributions they have salary sacrificed, less some tax payable, to use for their deposit.  

At this time Matt will be eligible to withdraw $16,995 (after tax).  Jenny will be able to withdraw $25,355 (after tax).  This total of $42,350 can be used to form the deposit for their first home. This deposit may also be boosted by a first home owners grant.

Using this plan to save for their first home with super Matt and Jenny saved an additional $9,576 than if they were saving outside of super.  This additional saving is due to the lower taxation rates that apply to super.  

Learn more about the First Home Super Saver Scheme and how BUSSQ and Skylight can help you boost savings for your first home with super. 

For more information call us on 1800 MY BUSSQ (1800 692 877).


Matt and Jenny's first home savings with and without super^

  Saving with super  Saving outside super 
   Matt Jenny  Matt Jenny 
 First home savings after 2 years  $16,995*  $25,355*  $13,221  $19,553

 * Amount available for a first home deposit (less tax)
^ Calculations sourced from First Home Super Saver Scheme Estimator


Details of Matt and Jenny's pay with salary sacrifice

   Matt Jenny

Weekly Calculations

Without salary sacrifice

With salary sacrifice

Without salary sacrifice


With salary sacrifice

Salary (pre-tax)

$1,442 $1,442 $1,346


First home savings salary sacrificed into super


$192 n/a $288

Total taxable income


$1,250 $1,346 $1,058






Total tax payable on income


$258 $292 $189

Take home pay after tax (net)





Reduction in take home pay with salary sacrifice


- $125 n/a - $185

Based on 2018/19 tax rates. Note all figures have been rounded to the nearest whole dollar amount.


The information supplied here is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Before acting, you should review the relevant Product Disclosure Statements to ensure you have all the information about the BUSSQ relevant product product and how it works and consider the appropriateness of the information to your needs or seek independent advice from a properly qualified professional. Prepared by BUSS (Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201). BUSSQ owns Skylight Financial Solutions Pty Ltd (ABN 46 076 835 848, AFSL 450139), the company that provides financial advice to our members.

Without salary sacrifice