Time to enjoy
Our pension investment strategy has changed. Here’s what’s different – and why
December 22nd, 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 […]
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 […]
Have you nominated someone to receive your super?
November 18th, 2021
We know it’s not nice to think about, but it’s important to make sure you’ve signed the right paperwork telling us who you want to receive your super balance and any insurance benefits if you pass away. You can tell us your wishes in any one of the following ways. Set up a reversionary beneficiary […]
What’s on the horizon for super?
July 7th, 2021
As we kick off a new financial year, it’s a good time to look ahead and consider what’s in the pipeline for super. Are there any changes on the horizon that could affect you or benefit your balance? Below, we’ve summarised key changes for super that occurred on 1 July 2021 or are planned. MORE SUPER FOR WORKERS On 1 […]
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 […]
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 […]
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 […]