First Home Saver account calculator

First Home Saver accounts are designed to help home buyers save a bigger deposit and buy a first home sooner, by delivering higher returns than ordinary savings accounts.

Use the First Home Saver calculator to find out how the special tax breaks and bonus money from the government in a First Home Saver account could make your money grow faster than an ordinary savings account.

Your starting amount:	$
Your regular savings amount?	$
How often?
For how long (years)? [help]
What is your taxable income? [help]	$

Hints & Tips:

First Home Saver accounts can only be used to buy or build a first home, or to put into super.
Savings up to $5,500 in a financial year are matched by the 17% government contribution.
Interest or earnings are taxed at 15%, rather than your marginal tax rate
A contribution of $1,000 or more is required in any four financial years before funds can be withdrawn.
No further savings can be added once the account balance reaches $80,000.

Other First Home Saver account rules apply.