The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
Can I buy a house with my superannuation?
The only people who can use their super to help buy a house are first home buyers saving for a home deposit. Under the federal government’s First Home Super Saver Scheme, first home buyers can put in up to $15,000 a year ($30,000 in total) in voluntary contributions into their super. There are caps and exclusions that apply, so to learn more, head over to the ATO’s website.