Super is money you save for your retirement. It is partly compulsory and normally forms part of your overall employment package. In most cases your employer is required to contribute 9%* of your ordinary time earnings to super. Because the Government wants you to save for retirement, it provides tax savings for money invested in super. Since the purpose of your super is to help you build retirement savings, you generally cannot withdraw your money until you retire. The building blocks of super a...
Without super you may be forced to rely on the Government Age Pension in retirement. That’s just over $18,000 a year for singles and a little over $27,000 per year for couples. Even the 9% that employers are required to pay into your super is unlikely to provide most people with enough money for a comfortable retirement. To provide an adequate retirement income you need to make the most of your super. Choose a fund that has low fees and strong long-term performance. First Super is an industry fu...
First Super is the industry fund for workers in the timber, pulp and paper, furniture and joinery industries. At 30 June 2011, First Super had over 74,000 members and more than $1.6 billion in funds under management. Formed on 1 July 2008 after the amalgamation of the Furniture Industry Retirement Superannuation Trust and Pulp & Paper Workers Superannuation Fund into the Timber Industry Super Fund, we're proud of our industry heritage. So we design products and services to meet the needs of our ...
Most working Australians rely on their super savings for retirement. Other than the Government Age Pension, it’s likely to be your main source of income when you stop work. So you want to make sure it is in the right hands. First Super gives you a simple, flexible and low-cost fund for your super, and a flexible, tax-effective income stream for retirement. The benefits of investing with First Super include: Open to all Australians to join We are run only to profit members No commissions are paid...
Joining First Super is easy. To find out more go to Join First Super .