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Time to think ahead

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 […]

With share markets mainly buoyant in the first half of 2019/20, First Super’s investment options fared well, with our Balanced option – in which most members are invested – achieving 3.59% for the six–month period.  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 […]

Choose your beneficiaries

Super benefits are treated separately from your other assets and don’t automatically go to your estate (as part of your will) in the event of your death. First Super must follow superannuation and tax laws to decide who is eligible to receive any super and insurance payments (i.e. your beneficiaries). To enable us to do […]

2020 isn’t just a new year, it’s the start of a new decade, and what better time to set some fresh financial goals? Here are the top five money resolutions for Australians in 2020 – as discovered by industry super fund-owned bank ME research – plus tips to beat the barriers that could stop you […]

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 super balance, contributions and investment returns as they stood at the halfway point of the financial year. In your statement pack, you’ll […]

One of your First Super membership benefits – unless you cancel it – is automatic cover for four units of Death and Total and Permanent Disablement (TPD) insurance. This cover provides some financial protection should you no longer be able to work due to illness or injury, or in the event of your death. The […]

Six silly season savings tips

Australians spent around $50 billion[1] in the lead-up to Christmas last year, which means there is plenty of room to save. Here are six tips from ME on how to enjoy the fun and festivity without a New Year financial hangover. 1. Plan ahead Lists go hand in hand with Christmas, and they’re not always […]

We need to share another important update on new Federal Government laws that came into effect from 1 November 2019 and which may impact you if you have insurance inside super with us or any other fund. Super account balance below $6,000? Your cover is at risk of being cancelled on 1 April 2020. Like […]