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COVID-19

COVID-19     Newsletters     

Supporting super decision-making

First Super members in your workplace will soon receive their annual member statements. As their employer, how can you help your staff make the right decisions around managing their super?  Get on top of workplace super  With the coronavirus pandemic having an ongoing impact on businesses, you may be finding your superannuation requirements challenging to prioritise or time consuming. Don’t let it get on top of you. […]

COVID-19     Latest News     Newsletters     

Financial support beyond super

It can be overwhelming making financial decisions right now, especially if you’re struggling with the impacts of the coronavirus pandemic. But seeking help and taking action now can go a long way to getting things under control and, eventually, back on track.   Check out these websites and online tools for a helping hand:  MoneySmart outlines steps you can take to look after yourself and your money, including making super and investment decisions, accessing […]

COVID-19     Newsletters     

Industry Super Australia (ISA), the peak body representing industry super funds (including First Super), has backed the Grattan Institute’s findings that millions who accessed super early and don’t top up their savings will have less income in retirement.  Since the temporary early release of super scheme began in April, millions of Australians have received payments, draining billions from super balances. Over 8,000 First Super members have withdrawn super […]

COVID-19     Latest News     Newsletters     

Following the announcement of enhanced coronavirus restrictions in Victoria, including new ways of working for businesses, the Victorian Government has provided new resources to help businesses understand their obligations and, if allowed to operate, how to do so compliantly. In short: From 11:59pm on 5 August business restrictions apply.  Services and industries that are able to […]

COVID-19     Latest News     Newsletters     

The Victorian and Federal Governments have updated their financial support measures to help individuals affected by Victoria moving into stage 4 coronavirus restrictions. The state of disaster and tougher restrictions for Victoria declared on Monday 3 August are expected to impact more businesses and individuals. Many people are also experiencing a financial hit due to […]

COVID-19     Latest News     Newsletters     

Clothes shops, construction sites and hairdressing salons are part of a long list of businesses that will be forced to close under Stage 4 restrictions in Victoria. As the state recorded another 429 cases and 13 deaths on Monday, Premier Daniel Andrews announced a widespread shutdown that will affect almost every sector and have devastating consequences for […]

COVID-19     Latest News     Newsletters     

Beware super cold calls

First Super members are urged to be cautious about a new style of cold call offering help with your superannuation. If someone phones you to talk about your superannuation and they are not calling from your super fund, they may not have your best interests at heart. Our Member Services Team has received reports that […]

COVID-19     Latest News     Newsletters     

The Australian Government has confirmed that it is extending the application period for the COVID Early Release of Super Scheme. The announcement – part of the Government’s Economic and Fiscal Update (mini-budget) released on Thursday 24 July – will extend the second stage of the scheme from 24 September 2020 to 31 December 2020. The […]