EmployersFIRST

Your employees may not be aware, but they likely received a ‘default’ level of insurance cover for death and total and permanent disablement (TPD) when they joined their super fund. This provision was introduced as part of the Federal Government’s “Stronger Super” reforms in October 2012. Seven years later on, Protecting Your Super Package (PYSP) legislation introduced on 1 July 2019 mean that super members whose accounts have not received […]

Changes to insurance in super being introduced on 1 April are leaving some super members confused. This makes it the perfect time to book a “lunch and learn” session to help your workers make the most of their super. First Super helps our employers – as the ones who make Superannuation Guarantee contributions – to […]

The laws around insurance inside super change on 1 April, which may affect your workers’ cover for Death and Total and Permanent Disablement (TPD). From 1 April, the Federal Government’s Putting Members’ Interests First (PMIF) legislation means if a person’s super account balance is less than $6,000 and/or they’re aged under 25, they won’t be […]

The Federal Government’s super amnesty bill passed Parliament on Monday 24 February. Under the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, employers will have the next six months to report and repay any super underpayments that occurred up to May 2018, plus interest, or risk heavy penalties under the Superannuation Guarantee Act in the future. To […]

Your workers could boost their retirement savings by combining several super balances into one account. Chances are that your employees have worked at other jobs before joining your company. And if this is the case, they are likely to have at least one other super account. Having two or more super accounts means they could […]

In February 2019, the Federal Government passed legislation to support the Protecting Your Super Package introduced in the 2018/19 Budget. Some of these changes took effect on 1 July 2019 and may impact your employees. The Protecting Your Super Package introduces several measures that are designed to ensure that members’ super balances are not eroded […]

As employees receive their annual statements, now is the ideal time to book a super basics session at your workplace. First Super helps our employers – as the ones who make superannuation guarantee contributions – to support their workers to make good decisions around managing their super savings. We have a team of Member and […]

First Super has again delivered strong long-term results for our members, as our 2018/19 investment performance confirmed in August. The Balanced (default) super option – in which the majority of our members are invested – achieved a return of 6.70% for the 2018/19 financial year, and five and ten-year returns of 8.68% and 8.84% respectively. […]