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Time to enjoy

Time to enjoy     

Now that our six-month investment returns have been confirmed, the 2019/20 mid-year statements have been produced and are scheduled to arrive in mailboxes by 1 March. This statement provides an overview of your pension account balance, transactions and investment returns as they stood at the halfway point of the financial year. In your statement pack, […]

Fees changes

From 1 April 2020, two of the fees we charge for administering your super account are changing. The administration fee for accumulation members only will rise on 1 April from $1.50 to $2.25 per week. The asset fee is also increasing from 0.05% a year to 0.18% a year. This is the first rise in […]

Time to enjoy     

The Federal Government announced a review into the retirement income system on 27 September 2019. This evaluation was recommended by the Productivity Commission in its report Superannuation: Assessing Efficiency and Competitiveness. It comes 27 years after the establishment of compulsory superannuation. An independent panel will undertake the review, which will cover the current state of […]

Time to enjoy     

With share markets mainly buoyant in the first half of 2019/20, First Super’s investment options fared well, with our Balanced option achieving 3.79% for the six months. The 2019/20 financial year got off to a positive start in July with interest rate cuts in major economies, including Australia and, for the first time in 11 […]

Time to enjoy     Time to invest     News & Media     

Industry super fund-owned bank ME shares a few ideas on how to enjoy summer while keeping your finances in great shape. The sun is shining, the days are longer and opportunities for get-togethers are everywhere. Check out ME’s affordable ways to relish the fun so you can head into autumn without a burnt-out budget. 1. […]

Time to enjoy     News & Media     

The Super Downsizer Measure, which started on 1 July 2018, allows eligible over-65s to sell their homes and contribute up to $300,000 of the proceeds from the sale into their super account. Recent figures show that more than 5,000 people across Australia have made this type of contribution. However, the Australian Taxation Office (ATO) has […]

Time to enjoy     News & Media     

The First Super team is well underway with its 2019/20 program of Planning for Retirement seminars. Starting in November, First Super has so far hosted seminars in Dandenong and Traralgon in Victoria, and Mount Gambier in South Australia. The attendees learned about building their super while working, how much super is enough, claiming the Government […]

2018/19 Annual Report

The Fund’s 2018/19 Annual Report is available online, with in-depth details on the Fund’s financials and governance. This year’s report includes: an ‘at a glance’ summary of the Fund’s deliverables during 2018/19 in-depth information and features on the Board, Executive and other individuals who take care of your Fund a breakdown of the Fund’s financials […]