Did you know that you can use your super to save the deposit you need to buy your first home? Our short video explains more.
(2:48 minutes)
Watch nowMore about the First Home Super Saver Scheme
Limits on the amount you can contribute
Even while you’re using your super to save for your home deposit, you need to keep annual caps in mind to make sure you don’t breach the limits.
(1:47 minutes)
Read more about this year's annual contribution caps
You can read more detail about the annual caps on our Limits on Annual Contributions page.
Change your contributions to super
If you want to change the contributions you make to your super, complete the quick form and forward to your payroll for actioning.
Protecting your new mortgage
As your life changes and responsibilities increase, think about whether your insurance is enough to cover what you or your family need if something happens to you and you can’t work anymore.
Read more about how to tell if you have enough insurance.
Protecting your new mortgage
Who will receive your super if you die?
No-one likes to think about it, but if you die, who will receive your super? You might be surprised to learn it won’t automatically be paid to your spouse or maybe not to your estate. You can choose who will receive it by making a nomination.
Read more about nominations on our Beneficiaries page.
Forms and other resources
Here are some of the forms and other resources that might help if you want to use your super to help you save for a deposit for the First Home Super Saver Scheme or if you want to learn more about the insurance you have through your super..
Want to access our other forms, pages and calculators? See the Resources/Forms page.
Increase your insurance by one level
If you have gone through a specified life event (like buying a new home) in the last 12 months, you can increase your super without a medical questionnaire.
Click these ElectricSuper links to learn more
Annual contribution limits
Beneficiaries
Nominating a beneficiary
Insurance for Division 5 active members
Insurance for Division 5 retained members
Insurance for Division 5 spouse members
The ATO is the authority on the First Home Super Saver Scheme. They should be your first port of call with any questions about the scheme.
They will handle your application to withdraw your deposit from super, including calculating how much you can withdraw.
ato.gov.au
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