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February 5th, 2021
What is an “inactive” account?
It means you haven’t had a contribution or rolled in any super to your account for more than 12 months. As a result, your balance could start going backwards.
It’s easy to fix this. Here are three ways to reactivate your First Super account.
1. Switch your employer-paid super back to First Super
Changed jobs? In most cases, you don’t need to change super funds. To switch your employer’s super contributions back to First Super, simply complete an Employee Choice of Fund Form and hand it to your employer.
2. Combine your super balances
Combining (or rolling in) other super accounts into First Super could have big benefits. You’ll only pay one set of account fees, and a bigger sum of money grows more quickly with positive returns.
Learn more about combining your super* or track down any lost super with our “lost super” tool.
3. Boost your super
Consider topping up your balance with a transfer from your bank account. And if you earn below $54,837 a year, you may also qualify for a Super co-contribution, which is essentially free money!
For more info on contributing to super go to the “Grow my super” section of our website.
All sorted?
Staying on top of your super now will pay off later. For more information about reactivating your First Super account go to our dedicated inactive accounts webpage or contact us on 1300 360 988 or mail@firstsuper.com.au.
*Before making a decision to combine your superannuation, you should consider any costs, change to insurance cover, or loss of benefits that may apply and, if necessary, consult a qualified financial adviser.
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