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Latest News

Latest News     Newsletters     

The Government is scheduled to make its second $750 payment on 10 July as part of its measures to support households to manage the economic impact of the Coronavirus. This payment is expected to be made to around 5 million social security, veteran and other income support recipients and eligible concession card holders. Around half […]

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Spotting online scams and connecting to others are the upcoming topics in the “Be connected” webinars that will run next week. Provided the Australian Government’s eSafety Commissioner, the free online workshops aim to help older people improve their computer skills and stay safe online. Australians aged over 55 lost more than $50 million to scammers […]

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The government has produced a new fact sheet to warn super fund members about how scammers are taking advantage of its temporary early release of superannuation measures. The Australian Competition and Consumer Commission (ACCC) fact sheet shares details of a range of phishing scams and cold-call tactics that con artists are using to steal money […]

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We would like to remind you of some Government changes around the age pension and superannuation drawdown. As part of the Federal Government’s economic response to the COVID-19 crisis, announced on Sunday 22 March, it stated changes to how pension income will be assessed to reflect the current interest rate environment and the impact of […]

COVID-19     Latest News     Newsletters     

Coinciding with the start of stage two of the temporary early release of superannuation scheme, the Australian Taxation Office (ATO) has warned it will fine people who deliberately misuse the system to access their retirement savings early. The ATO published a new COVID-19 early release of super – integrity and compliance webpage last week. This […]

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First Super has launched a new calculator tool to help members better manage their finances if their income is reduced or stops unexpectedly. With the coronavirus pandemic affecting a wide range of sectors and businesses, many people have had their working hours reduced, their overtime stopped, or been made redundant. The Federal Government is expected […]

COVID-19     Latest News     Newsletters     

The last financial year was anything but normal and made life a little (or a lot) different for all of us. Keeping those unusual circumstances in mind is important now that it’s tax time. If the summer bushfires or coronavirus affected your pay, work circumstances or outgoings in the 2019/20 financial year, read on about […]

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First Super is making it easier for New Zealand migrants to transfer their KiwiSaver balances to Australia and benefit from tax savings on their retirement savings under a new partnership with NZRelo. Your super fund has agreed an exclusive three-year partnership from 1 July 2020 to promote its superannuation services to NZRelo community members, including […]