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Mental health resources for businesses
May 22nd, 2020
Over the past few months the impact of coronavirus has created challenges that employers may never have experienced before. Depending on your business, you and your workers may now be working staggered rosters, performing modified duties on site, or working remotely. Recent surveys have revealed that isolation, changing circumstances, financial uncertainty, new rules, and alarming […]
Free online safety presentations
May 22nd, 2020
The eSafety Commissioner is hosting free webinars to help older Australians stay safer online. They’re helping over 4 million older Australians to improve their computer skills, and who want help addressing online safety concerns. Webinars including ‘Can you spot a scam?’ and ‘Staying safe on Facebook’ are just some of the free webinars available on […]
Important update from the CEO
March 23rd, 2020
Following the terrible bushfires that impacted many First Super members and the communities where they live and work, we now find ourselves facing the challenge of the COVID-19 virus. With financial markets changing daily, we want to assure you that we are constantly monitoring the situation and making careful and well-considered decisions to protect your […]
Fees changes
February 26th, 2020
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 […]
Investment update: the year so far
February 26th, 2020
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 […]
Coming soon: your mid-year super update
February 26th, 2020
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 […]
How to stretch a dollar over summer
December 17th, 2019
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. […]
ATO update: Super Downsizer errors
December 17th, 2019
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 […]