First Home Saver Account

We’re helping you save for your first home.

As part of the Australian Government initiative to help members save for their first home, Police Credit’s First Home Saver Account (FHSA) is available for eligible members. An FHSA is an account that will provide a simple, tax effective way for first homebuyers to save for their first home through a combination of Government contributions and low taxes.

  Are you aged 18 or over and under 65 years?
  Have you not previously purchased or built a first home in which to live?
  Do you not have, (or previously had) a First Home Saver Account?

The Australian Government will contribute 17% on personal contributions of up to $6,000 (indexed) each financial year, to help boost your savings. Making a minimum contribution of $1,000 each year for at least four financial years, withdrawing your savings is tax-free when used to buy or build your first home to live in.  

So if you’re thinking about saving for your first home, Police Credit’s First Home Saver Accounts can help you get there faster.

 Apply Now