What if I’m having trouble saving?
If you have opened a FHSA and started saving, but find yourself in a position where you do not have any money to deposit into the account, you can choose to: • start saving again when you have funds available • move your savings into superannuation • withdraw your savings as a lump sum if you are aged 60 or over If you haven’t deposited $1,000 into your account in 4 separate financial years and want to close your account, you can choose to: • move your savings into superannuation or • withdraw the savings as a lump sum if you are aged 60 or over
