Time to think ahead
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 […]
Scams and super: keep your super safe
August 31st, 2018
Are you keeping your super safe from scammers? The Australian Taxation Office (ATO) is warning of a new type of rort around early release of super, which in many cases is illegal. The ATO says that con artists are promoting schemes that encourage people to access their super savings early to help them to buy […]
First Super secures strong 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. The Balanced option (our default MySuper option) returned an impressive 10.68 per cent for the year. Our Growth option returned a solid 11.90 per […]
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 […]
Super changes that may affect you.
May 14th, 2018
The government has made a number of changes to superannuation this financial year, which are designed to improve the system for all Australians. While these changes may not affect you now, it’s important to be aware of them should your circumstances change in the future. Recent major changes to the super system include: changes to […]
Retirement planning and superannuation in Australia dates back to the early 1900s. As is the case today, initial schemes were established to provide for people in retirement. Fast forward a century and the complexity of superannuation has spawned a whole new industry dedicated to growing and protecting savings wealth for use in later life, or […]
When thinking back to words of advice that you may have heard from your parents, or have even passed on to your children, what sticks in your mind? “Start saving whilst you are young,” is one of those recommendations that comes to mind and is one that is still used ad nauseam. Why is it […]