Time to invest
You just got used to 10%. Now super’s increasing to 10.5%
June 15th, 2022
On 1 July 2022, the amount of superannuation guarantee (SG) employers should start paying employees will rise from 10% to 10.5%.
Our investment strategy has changed. Here’s what’s different – and why
December 20th, 2021
At First Super, we offer members a choice of five investment options, so you can find an option (or a combination of options) that suits your personal goals – including how much risk you’re willing to take on to get the return you’re after. Recently, we made changes to three of these options. Here’s what’s different. We’ve increased […]
We’ve changed the names of our insurance occupation categories. Here’s what it means for you
December 20th, 2021
At First Super, we offer members Death, TPD and Income Protection insurance in partnership with our insurer, MetLife. There are a range of factors that come into play when determining what premiums (or rates) members should pay for their cover. One of these factors is the job you do. To make it easier for members […]
How we invest for you
November 18th, 2021
At First Super, we aim to get you the best results over the long term. So when you’re ready to retire, your super’s ready too. For our pension members, we know consistency is important, so you can plan your spending for your retirement lifestyle. Our focus is on striking the right balance between growing your […]
Are you a COVID cash switcher?
July 7th, 2021
Investing can be emotional. That’s never been truer than the early months of the COVD-19 pandemic last year, when share markets resembled a rollercoaster with more drops than climbs. Nobody likes watching their balance fall, particularly if you’re close to retirement and your super isn’t just future savings – it’s your income. It makes it […]
You could save 10% more into super
July 7th, 2021
On 1 July 2021, the amount you can contribute to super each financial year increased by 10%. That’s because the Government lifted the contribution cap limits on concessional (before-tax) and non-concessional (after-tax) contributions. Here are the new caps, effective 1 July this year. Contribution caps 2020/21 (previous FY) 2021/22 (current FY) Concessional (before-tax) contribution cap […]
Higher limits for first home savers
July 7th, 2021
Saving for a first home deposit is challenging. Now that we’ve stated the obvious, what can you do about it? You might be surprised to learn that over the last few years the Government has made some changes to super so first-time buyers can save faster for a home using their super account. While this sounds great […]
Budget changes to super: more super for a first home and the end of the “work test” for older Australians
May 12th, 2021
The 2021-22 Federal Budget has been handed down, with several changes to super and retirement being announced. Most were adjustments to existing rules, rather than sweeping changes. We’ve summarised the key points for members below. FIRST HOME BUYERS CAN SAVE EVEN MORE OF THEIR DEPOSIT IN SUPER UNDER THE FIRST HOME SUPER SAVER SCHEME. The current situation: Eligible first home […]