We have First Super Coordinators available in NSW and QLD. Find out how we can help you. Or contact us by calling 1300 360 988 between 8am and 6pm weekdays (AEDT).
July 7th, 2021
On 1 July 2021, the amount you can contribute to super each financial year increased by 10%. That’s because the Government lifted the contribution cap limits on concessional (before-tax) and non-concessional (after-tax) contributions. Here are the new caps, effective 1 July this year. Contribution caps 2020/21 (previous FY) 2021/22 (current FY) Concessional (before-tax) contribution cap […]
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 […]
June 2nd, 2021
Housing affordability is an ongoing concern for many Australians, and a hotly debated topic both socially and politically. First-home buyers are faced with the very real challenge of saving a home deposit in a low interest rate and low real-wage growth environment. The prospect of saving a 20% deposit (the minimum amount required to avoid […]
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 […]
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 […]
April 12th, 2021
We’re pleased to announce First Super has received the Rainmaker AAA Quality Rating for its super and pension products for 2021. The rating is a seal of approval from one of Australia’s leading financial services research and information companies. First Super’s AAA Quality Rating was achieved for the following products: Employer Sponsored (members who join through their workplace) Allocated Pensions (members who open a retirement account with us) Personal (members who are self-employed and contribute […]
February 5th, 2021
Keep us informed when your details change – and we’ll keep you informed about your super. Up-to-date details put you in control It’s important for us to be able to reach you about your super in a range of ways. This keeps you in control of your super account so you can stay on track and make choices when you need to. We’ll contact you throughout the […]
Around three million Australians like you withdrew super last year to the tune of more than $36 billion. Worried about how this might impact your savings at retirement? Want to understand ways to grow your super balance again? Let’s get things back on track. Step 1. Know what you’re working with. It’s better to know than to wonder. Check your current super balance and any insurance benefits by logging […]
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