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Time to think ahead

Time to invest     Time to think ahead     News & Media     

5 tips to prepare your 2019/20 tax return

July 6th, 2020

The last financial year was anything but normal and made life a little (or a lot) different for all of us. Keeping those unusual circumstances in mind is important now that it’s tax time. If the summer bushfires or coronavirus affected your pay, work circumstances or outgoings in the 2019/20 financial year, read on about […]

Time to enjoy     Time to invest     Time to think ahead     News & Media     

New partnership increases options for members from NZ

July 2nd, 2020

First Super is making it easier for New Zealand migrants to transfer their KiwiSaver balances to Australia and benefit from tax savings on their retirement savings under a new partnership with NZRelo. Your super fund has agreed an exclusive three-year partnership from 1 July 2020 to promote its superannuation services to NZRelo community members, including […]

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ATO threatens fines and prosecution for misuse of early super access scheme

June 12th, 2020

Members who took money out of their superannuation without meeting the eligibility requirements could face fines and prosecution, the Australian Taxation Office has warned. The Coalition’s early super access scheme allows eligible members to withdraw $10,000 in the last three months of this financial year and another $10,000 in the first three months of next […]

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Get connected with free online workshop

June 12th, 2020

The latest in the series of “Be connected” free webinars will run on Monday 15 June. Provided the Australian Government’s eSafety Commissioner, the online workshops aim to help people improve their computer skills and stay safe online. The “Connecting to others” webinar has been designed specifically to overcome the barriers of current travel restrictions and […]

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Fees changes

February 26th, 2020

From 1 April 2020, two of the fees we charge for administering your super account are changing. The administration fee for accumulation members only will rise on 1 April from $1.50 to $2.25 per week. The asset fee is also increasing from 0.05% a year to 0.18% a year. This is the first rise in […]

Time to invest     Time to think ahead     News & Media     

Investment update: the year so far

February 26th, 2020

With share markets mainly buoyant in the first half of 2019/20, First Super’s investment options fared well, with our Balanced option – in which most members are invested – achieving 3.59% for the six–month period.  The 2019/20 financial year got off to a positive start in July with interest rate cuts in major economies, including Australia and, for the first time in […]

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Choose your beneficiaries

February 26th, 2020

Super benefits are treated separately from your other assets and don’t automatically go to your estate (as part of your will) in the event of your death. First Super must follow superannuation and tax laws to decide who is eligible to receive any super and insurance payments (i.e. your beneficiaries). To enable us to do […]

Time to think ahead     

Australians’ top 5 money goals for 2020, and how you can achieve them

February 26th, 2020

2020 isn’t just a new year, it’s the start of a new decade, and what better time to set some fresh financial goals? Here are the top five money resolutions for Australians in 2020 – as discovered by industry super fund-owned bank ME research – plus tips to beat the barriers that could stop you […]