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EmployersFIRST

EmployersFIRST     

Annual Statements on their way

First Super has posted the 2017/18 Annual Statements for Employers, so yours should arrive in the mail shortly, if it hasn’t already. Annual Statements for members are also in the process of being mailed and emailed. Once you receive your statement, take a few moments to check the following: • Are all your contact details […]

EmployersFIRST     

First Super’s Clearing House for employer contributions is being enhanced to meet changes being brought in by the Australian Taxation Office (ATO). The ATO’s SuperStream requirements have been in place for several years. They aim to make sure that employer super contributions are paid to members in a timely, uniform and efficient manner. With SuperStream, […]

First Super CEO Bill Watson gives a summary and his thoughts of the recent Financial Services Royal Commission hearings into superannuation funds. “The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has uncovered constant and ongoing misconduct and conduct falling below community standards and expectations over many years by retail superannuation […]

First Super was delighted with its crediting rates for the 2017/18 financial year, which were made public in July. The returns showed another year of strong investment performance for our members. The Balanced option (our default MySuper option) returned an impressive 10.68 per cent for the year. Our Growth option returned a solid 11.90 per […]

EmployersFIRST     

With continuous alterations in previous Budgets being a source of frustration and confusion for both funds and members, the 2018/19 Budget continues to tinker with the system resulting in a number of changes being made that employers should be aware of. The Government has announced three initiatives which will have an impact upon members, the […]

EmployersFIRST     

Closing the gender pay gap in superannuation According to the Association of Superannuation Funds of Australia (ASFA), the average superannuation balance for women in 2017 was $68,000 and for men, $112,000. Women retire with comparatively less savings than men, resulting in relatively lower incomes in retirement and leaving them at a much greater risk of […]

EmployersFIRST     

From 1 July 2018, Single Touch Payroll (STP) will become mandatory for employers with more than 20 employees. The ATO led initiative will see an improvement in the way wages, superannuation and PAYG taxes are monitored, encourage greater transparency, modernise payroll reporting and connect business to the ATO in real time through their accounting software. […]

EmployersFIRST     News & Media     

So your business is up and running and you’ve set up a Facebook business page account. A few months go by and you’ve barely had a hit. What are you doing wrong? Follow these tips to maximise your exposure, generate followers and potential sales. Tip1: Housekeeping First thing’s first: You need to create a Facebook […]