EmployersFIRST
Workplace education sessions: have you booked yours?
March 10th, 2020
Changes to insurance in super being introduced on 1 April are leaving some super members confused. This makes it the perfect time to book a “lunch and learn” session to help your workers make the most of their super. First Super helps our employers – as the ones who make Superannuation Guarantee contributions – to […]
The laws around insurance inside super change on 1 April, which may affect your workers’ cover for Death and Total and Permanent Disablement (TPD). From 1 April, the Federal Government’s Putting Members’ Interests First (PMIF) legislation means if a person’s super account balance is less than $6,000 and/or they’re aged under 25, they won’t be […]
Amnesty pardons historical super underpayments
March 10th, 2020
The Federal Government’s super amnesty bill passed Parliament on Monday 24 February. Under the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, employers will have the next six months to report and repay any super underpayments that occurred up to May 2018, plus interest, or risk heavy penalties under the Superannuation Guarantee Act in the future. To […]
Help your staff make the most of their super: combining super balances
September 19th, 2019
Your workers could boost their retirement savings by combining several super balances into one account. Chances are that your employees have worked at other jobs before joining your company. And if this is the case, they are likely to have at least one other super account. Having two or more super accounts means they could […]
Legislation update
September 19th, 2019
In February 2019, the Federal Government passed legislation to support the Protecting Your Super Package introduced in the 2018/19 Budget. Some of these changes took effect on 1 July 2019 and may impact your employees. The Protecting Your Super Package introduces several measures that are designed to ensure that members’ super balances are not eroded […]
Super support at your workplace
September 19th, 2019
As employees receive their annual statements, now is the ideal time to book a super basics session at your workplace. First Super helps our employers – as the ones who make superannuation guarantee contributions – to support their workers to make good decisions around managing their super savings. We have a team of Member and […]
First Super continues strong returns in 2018/19
September 19th, 2019
First Super has again delivered strong long-term results for our members, as our 2018/19 investment performance confirmed in August. The Balanced (default) super option – in which the majority of our members are invested – achieved a return of 6.70% for the 2018/19 financial year, and five and ten-year returns of 8.68% and 8.84% respectively. […]
First Super makes MySuper Top Ten
September 9th, 2019
The super regulator’s recent review of super fund performance named First Super as sixth out of 85 providers, as industry super funds continue to lead the market. Industry Super Australia (ISA) has used latest figures from the super industry regulator to rank the country’s 60 registered MySuper products – and First Super made the top […]