Superannuation_SEN_Sep2018
1
3 0 Septem ber20 18
W h at is ch an gin g?
Fir s t Home Super Sav er Scheme ( FHSS)
Fro m 1 July 20 18 , any
v o luntary befo re
–
tax and afte r
–
tax co ntributio nsm ade after 1 July 20 17 m ay
be withdrawn fo r t he purpo se purchasing a first home (subject to eligibility ). Vo luntary co ntributio ns
can be withdrawn up to am axim um o f $3 0 ,00 0 intotal and no mo rethan $1 5 ,00
0 from any o ne
y ear alo ng w ith asso ciatedearnings. Hav ing am o unts release d do es not affect the c alculatio n o f yo ur
co ntributio ns fo r co ntributio ns c ap purpo ses.Yo urco ntributio ns still co unt to wards y o ur
co ntributio n c aps fo rtheyear t hey we re o riginall
ym ade. T he Australian T ax O ffice (ATO) is
respo nsible fo rthe FHSS Schem e and any request s fo rthe re lease o fco ntributio ns m ust bem ade to
the ATO . T o find o ut ify o uare e ligible andto re questthe re lease o fvo luntary contributio nsv isit
ww w.ato .go v .au
.
Dow ns iz er c ontri buti ons
D ownsizer co ntributio ns Fro m 1 July 20 18 , if yo u are ov erthe age o f 65 ,y o um ay be eligible to
co ntribute up to $3 00 ,0 00 fro m t he saleo fyo ur hom e. This co ntributio nknown as a downsizer
co n
tributio n m ust be m ade w ithin 90 day so f receiv ing t he pro ceedso f a sale (usually t he se ttlem ent
date ). A do wnsizer c o ntributio n does no t co unttowards y o ur c o ntributio nso rtotal super balance
caps in they ear itwasm ade. To m ake a downsizercontributio
n, t he procee ds and t he ATO
–
appro v ed fo rm m ust be receiv ed. Fo rmo re info rm ation and t o do wnlo ad t he fo rm ,v isit
ww w.ato .go v .au/ super
.
Ear ly R el eas e of Super
Fro m 1 July 20 18 ,the adm inistratio n fo rthe release o
f superannuatio no n com passio nate gro unds
has changed from theD epartmento f Human Serv ices t o the Australian T ax o ffice, acc essiblev ia the
m y Gov o nline serv ices po rtal at
www .my .go v .au
.
C omplai nts
H
andl i ng
Fro m 1 Nov e
m ber2 01 8 , T he Superannuatio n Com plaints Tribunal (SCT) and t heFinancial
Om budsman Serv ice(FOS)will no lo nger be respo nsible fo r co m plaints handling. The Australian
Financial Com plaints Authority (AFCA) w ill be respo nsible fo r receiv ing com plaints from
this date.
P lease note that t he SCT
Á]oo } vı]vµ˚ } ›˚„ı˚}vˆ }uu ˚v˚u˚vı }„˚’} oÀ ˚Æ]’ı]vP
com plaints that were lo dged w ith t he SCT befo re 1 Nov em ber2 01 8
. Fo rmo re info rmatio n, please
see
https:/ /www.firstsuper.com .au/ com plaints/
.
Thisno ticeexplainsthechangestoFirstSuperAccum ulatio npro duct.Itincludesev entsthatim pact,
and changes to, the info rmatio n pro v ided within the P ro duct D isclo sure Statements (P D S) o f tho se
pro ducts , including the asso ciated supplem entary do cument
s. All changes will be inco rpo rated
Á]ıZ]v Z’µ’˚‰µ˚o˚} ZÀ ]oo˚
www .firstsuper.com .au
First S upe r
t
S up e rannuatio n
Significant Eve nt Notice
2
C aps and t hr es hol ds
The fo llowing superannuatio n t ax t hresho lds hav echanged fo r t he2 01 8/ 19 financial y ear.
2 01 7/ 18
2 01 8/ 19
D ivisio n2 93 t ax threshold
$ 30 0 ,0 00
$ 25 0 ,0 00
Superannuatio n Guarantee ( SGH)
m axim um co ntributio n base
$ 52 ,76 0 per quarter
$ 54 ,03 0 per quarter
Co
–
co ntributio n lowe rthreshold
$ 36 ,81 3
$ 37 ,69 7
Co
–
co ntributio n upper t hreshold
$ 51 ,81 3
$ 52 ,69 7
L um p sum lo w rate c ap
$ 20 0 ,0 00
$ 20 5 ,0 00
Untax edP lan c apamo unt
$ 1 ,4 45 ,000
$ 1 ,4 80 ,000
Admi nis tr ati on Fees
The co sto fo perating t he fund fo r t he 20 18 /1 9 year is $ 94 .88 per annum .
This isa co sto fo perating
the Fund. It is paid by t he Fund and is no t deducte d fro m yo ur acco unt(s). T he fund c laim s a t ax
deductio n fo r adm inistratio n co sts e a
chy ear.The deductio n is paid into the adm inistratio n rese rv e.
The co sto fo perating t he fund fo r t he 20 17 /1 8 yearwas$ 75 .49 per annum .
Adv ic e Fees
The adv ice fee s relating to all m em bers invest ing in aparticular My Super pro duct o r inve stm ent
o ptio n has
reduced to $6 .06 per annum during 20 17 /1 8 .
The equivalent adv ice fe e during t he 20 16 /1 7 year was $ 6 .8 1 per annum .
I n vest men t Ch an ges
Standar d R i s k
Inv estm ent O ptio n Standard Risk
As at3 0 June20 17
As at3 0 Septem ber20 18
Shar es Pl us
4 .2Ye ars
4 .4
Ye ars
G r owth
3 .5Ye ars
3 .7Ye ars
B al anc ed
( Defaul t)
2 .3Ye ars
2 .6Ye ars
C ons er v ati v e
B al anc ed
1 .2Ye ars
1 .5Ye ars
C as h
0 .0Ye ars
0 .0Ye ars
3
I nv es tment Opti on Obj ec tiv es
Inv estm ent O ptio n O bjectiv e
As at3 0 June20 17
As at3 0 Septem ber20 18
Shar es Pl us
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in five
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in fo ur
G r owth
Co
nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in six
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in five
B al anc ed
( Defaul t)
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in nine
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in e ight
C ons er v ati v e
B al anc e
d
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in fifteen
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to less t hanone in t hirteen
C as h
Co nfine
the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to being negligible
Co nfine the chance o f t he rate c redite dto
m em bers falling below zero in any
financial y ear to being negligible
As s et Al l oc ati on
Actual Asset
Allocatio n
Asset Class
As at3 0 June20 17
As at3 0 Septem ber20 18
B al anc ed
( Defaul t)
Cash
5 .3%
9 .10
%
Australian Fixed
Inco me
1 0 .7%
9 .70
%
Inte rnatio nal Fixe d
Inco me
1 0 .8%
9 .70
%
Australian L isted
Equities
2 3 .10 %
2 2 .70
%
Australian Unlisted
Equities
7 .50%
7 .10
%
Inte rnatio nalL isted
Equities
2 0 .40 %
1 9 .10
%
Inte rnatio nalUnliste d
Equities
0 .30%
0 .20
%
Australian Unlisted
P ro perty
1 0 .90 %
1 0 .60
%
Australian Unlisted
Infrastructure
6 .50%
6 .70
%
Inte rnatio nalUnliste d
Infrastructure
4 .50%
5 .10
%
4
I nv es tm ent
Fees and C os ts
Inv estm ent Fee
Indirect Co st Ratio ( ICR)
2 01 6/ 17
2 01 7/ 18
2 01 6/ 17
2 01 7/ 18
Shar es Pl us
0 .95
%
1 .12
%
0 .07
%
0 .08
%
G r owth
0 .86
%
1 .05
%
0 .06
%
0 .06
%
B al anc ed
( Defaul t)
0 .87
%
1 .20
%
0 .04
%
0 .04
%
C ons er v ati v e
B al anc ed
0 .45
%
0 .46
%
0 .03
%
0 .03
%
C as h
0 .01
%
0 .03
%
0 .00
%
0 .00
%
No te: Investm ent fe es andICRs charged in subsequent financial y ears w ill depend o n t he actual c osts
incurred in t ho sey ears.P ast co stsm ay no t neces sarily be an indicato r o f futureco sts.
Pr oper ty Oper ati onal
C os ts
P ro perty O peratio nalCo sts
2 01 6/ 17
2 01 7/ 18
Shar es Pl us
0 .18
%
0 .07
%
G r owth
0 .18
%
0 .07
%
B al anc ed
( Defaul t)
0 .14
%
0 .08
%
C ons er v ati v e
B al anc ed
0 .19
%
0 .07
%
Issu ed b y First Su p er Pt y L td ABN 42 053 49 8 472, AF SL N o . 223988, a s t h e Tru st ee o f
Firs t Su p er ABN 56 286 6 25 181. Th is
in fo rmat ion is o f a g en era l n a tu re. It d o es n o t ta ke in to a ccou n t y o u r ob jective s, fin an cial situ at ion o r sp ecifi c n eed s so y
o u
sh o u ld lo o k at y o u r o wn fin ancial p o sitio n a n d r eq u iremen t s b efo r e mak in g a d eci sion . Yo u m
ay wish t o co n su lt an a d vi ser
wh en d o in g t h is. Be fo re mak i n g a d ecision a b o u t First Su p e r p ro d u cts y o u sho u ld r ead t he r ele van t Pro d u ct Disc losu re
Sta tem en t wh ich is a vaila b le b y p h o n in g 1300 360 988
o r v isit
w ww. fir stsu p er.co m.a u
fo r a cop y .