This scheme has been in place since FY2017-2018 but does that mean that I can withdraw from my super all my salary sacrifice contributions+interest since July 2017 until now as long as it's not over $30k or is it only what I contributed in last two years e.g. 01/2018 to 01/2020?
Thanks
Essentially yes. Even though the laws took a while to catch up, the beginning date for contributions that count towards FHSS is 1 July 2017.
The $30k cap is the maximum across all financial years but there's a $15k cap for any one financial year. The "interest" earned is deemed by the ATO. There's also a tax when you withdraw at your marginal rate minus 30% which should be quite a low amount for most people.
Anything from 1 July 2017
If you are using the 'request a FHSS determination' tool on MyGov it prefills info from July 2018 onwards, but allows you to manually add any from July 2017 as they are eligible too.
Requesting a determination is not binding, and there is no limit on the amount of times you can do it (until you sign a house contract), so you can just request one now and see how much it tells you that you can take out.
Thanks guys. Accessing it through myGov worked.
How was your experience withdrawing the money from myGov? Does it take long? I’m thinking of doing it as well
Seems to be covered here: https://www.ato.gov.au/Individuals/Super/Withdrawing-and-usi…