All Episodes

November 7, 2021 β€’ 7 mins
Are you wondering how to save for a house deposit while interest rates are so low? Azaria, in this episode, explains all you need to know about the First Home Super Saver scheme (FHSS) and how it may work for you. She touches on:

πŸ‘‰πŸΎ how the first home super saver scheme (FHSS) works
πŸ‘‰πŸ» some of the common misconceptions about the scheme
πŸ‘‰πŸΌ what the pros and cons are
πŸ‘‰ how it may help you save on tax πŸ€‘
πŸ‘‰πŸ½ the rules involved and the penalties that can apply 😬

Here's a link to the ATO's explanation of the FHSS that Azaria mentioned: https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/

Chat with us! Use #genzmoney in the my millennial money FB group: facebook.com/groups/mymillennialmoney

Need a way to manage your cash? Check out Glen’s online course and get $20 off when you use the code β€œgenz”: https://www.mymillennial.money/spending-plan

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/genz-shownotes

πŸ›‘ This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.

We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.


Hosted on Acast. See acast.com/privacy for more information.

Mark as Played

Advertise With Us

Popular Podcasts

Dateline NBC
The Nikki Glaser Podcast

The Nikki Glaser Podcast

Every week comedian and infamous roaster Nikki Glaserβ€―provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

Β© 2024 iHeartMedia, Inc.