Time to invest
You could save 10% more into your super from 1 July
May 12th, 2021
From 1 July the amount you can contribute to your super will increase by 10%. That’s because the Government is lifting the contribution cap limits on concessional (before-tax) and non-concessional (after-tax) contributions. Here are the new caps, effective 1 July this year. Financial year (FY) 2020/21 (current FY) 2021/22 (next FY) Concessional (before-tax) contribution cap $25,000 $27,500 Non-concessional […]
Super vs mortgage – which wins out?
March 2nd, 2021
While the main job of your super is to help you save for retirement, it’s more flexible than you might think. It can even help you save for a first home. But the First Home Super Saver Scheme (FHSS) isn’t the only time your home and your super form part of the same conversation. At some point down the track, you’ll start facing tricky […]
The $450 super threshold and what it means for you
March 1st, 2021
School doesn’t teach us much about superannuation, so you’d be forgiven for reaching your mid-20s (or older) and not knowing much about how it works. What we mostly take for granted is that it’ll kick in when we start working. While that’s true for most of us, some people are left out through no fault of their own. Why? Ever […]
Growing your super after early release. Three steps to take now.
March 1st, 2021
Around three million Australians withdrew super early last year to the tune of more than $36 billion. That’s more people than live in the whole of Western Australia, and about a third of the amount that’s been paid out on JobKeeper. Since then, there have been calls for the Government to top up super for […]
From the CEO: 2020/21 mid-year investment update
February 5th, 2021
After a turbulent 2019/20 financial year, it was heartening to see investment returns firmly in the positive for the first half of 2020/21. Global share market performance was varied early in the 2020/21 financial year. As economies and businesses slowly started to recover from the impact of COVID-19, the US and China produced large positive […]
Have you combined your super yet?
December 15th, 2020
Why not set yourself an easy “super to-do list” to close out 2020 – or open your new year on the front foot? If you have super with another fund, consider rolling it into First Super. Here are the major benefits. You’ll only pay one set of fees. Multiple sets of fees can eat away […]
Super advice for the season
December 15th, 2020
You’re never too young or too old for some quality advice about your super. But sometimes it’s not easy to know where to start – or even what to ask. To give you a better understanding of the advice services we offer, here’s a breakdown of some of the topics we help our members tackle. […]
Boosting your super for 2021 and beyond
December 15th, 2020
This year has been hard on everyone, including our super balances! That’s especially true if your working hours and employer contributions were reduced, or you were forced to withdraw some super early to get by. The good news is superannuation is incredibly flexible, and there are simple ways to start building your super back up. […]