The FHSS Scheme is a government initiative that lets you save for your first home using the super system. With a lower tax rate on the earnings associated with your FHSS savings, for some people it may be a good alternative to keeping your savings in a bank account and it may help you to fast-track your deposit.
There are strict rules governing the FHSS Scheme, so make sure you understand them before signing up. If you are eligible, you will be able to apply for the FHSS Scheme online.
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