pre-tax in (15%), deemed earnings ~7%, withdrawal tax = your rate − 30%
Deposit in a bank account$31,464
after-tax in, ~4% interest taxed at your rate
FHSS gets you$8,706 more
You only withdraw these voluntary contributions + earnings (max $50k). Your employer super and existing balance stay locked — this isn't dipping into your retirement.
First home only · max $15k counted per year, $50k total · assumes salary-sacrifice (pre-tax) contributions · ATO deemed earnings (~7%), not actual market returns · request an ATO determination before you sign a contract, and you get one release.