Time to enjoy
Annual Report reviews strong year for First Super
November 8th, 2018
First Super has just released its 2017/18 Annual Report. The publication marks 10 years since the Furniture Industry Retirement Superannuation Trust, the Pulp & Paper Workers’ Superannuation Fund and the Timber Industry Super Scheme merged in July 2008 to become First Super. Inside this year’s report, you’ll find highlights of the year, an overview of […]
Super planning for a happy retirement
October 25th, 2018
If you’re looking ahead to retirement, but you’re unsure about planning your finances, First Super has an upcoming event designed for you. The earlier you start planning for your eventual retirement from work, the more options you have to achieve the income and lifestyle you’re hoping for. Our financial planners are heading to Traralgon next […]
Understanding super lump sums and your Age Pension entitlement
August 31st, 2018
It’s natural to want the best possible retirement for yourself. For many Australians, that means managing the complex relationship between superannuation and the Age Pension. In this article, Industry Super Australia explains what happens when you take a super lump sum when you retire. Since its introduction in 1992, Australia’s superannuation system has undergone many […]
Scams and super: keep your super safe
August 31st, 2018
Are you keeping your super safe from scammers? If you are still working and making contributions to your super account, you need to be aware of a new rort around early release of super, which in many cases is illegal. The Australian Taxation Office (ATO) is warning that con artists are promoting schemes that encourage […]
First Super secures strong investment returns
August 31st, 2018
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. Investment returns The Balanced option (our default MySuper option) returned an impressive 10.68 per cent for the year. Our Growth option returned a solid […]
From the CEO: the Royal Commission shows bank funds aren’t super
August 31st, 2018
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 […]
Save or splurge? Putting your tax refund to good use
August 31st, 2018
How good is tax time? In exchange for a few hours filling out your tax return, you could receive a handy windfall into your bank account. And with a bit of planning, you could make the ATO’s refund go a lot further. Receiving any lump sum of cash can make treating yourself tempting. But there’s […]
Statements coming soon
August 31st, 2018
You will soon receive your 2017/18 Annual Statement in the mail, in addition to your e-statement if you have selected that option. Once you receive your statement, take a few moments to check the following: • Are all your personal and contact details correct? • Do we have your Tax File Number? • Have you […]