The First Home Super Saver Scheme passed by the Government is legislation to allow first home buyers to invest more in their superannuation to save for their first home.
The new legislation means that you can make voluntary contributions to your BUSSQ Super account and then withdraw those contributions and associated earnings at a later date to purchase your first home.
From 1 July 2018, you’ll be able to withdraw voluntary superannuation contributions, which include salary sacrifice or personal contributions you’ve made since 1 July 2017, along with associated earnings, to put towards buying your own home.
BUSSQ has built Skylight Financial Solutions - giving you access to the tools you need to purchase your first home sooner.
BUSSQ has recently launched Skylight Financial Solutions, which was built to provide families in and around the building, construction and civil industries with affordable financial solutions.
Skylight can provide assistance on how to manage money including budgeting advice and information on how to choose the right bank accounts and loans. All to ensure your hard work, works even harder for you – and help you save for your first home deposit faster.
Interested in using your super to buy your first home?