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August 31st, 2018
First Super CEO Bill Watson gives a summary and his thoughts of the recent Financial Services Royal Commission hearings into superannuation funds. “The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has uncovered constant and ongoing misconduct and conduct falling below community standards and expectations over many years by retail superannuation […]
First Super was delighted with its crediting rates for the 2017/18 financial year, which were made public in July. The returns showed another year of strong investment performance for our members. The Balanced option (our default MySuper option) returned an impressive 10.68 per cent for the year. Our Growth option returned a solid 11.90 per […]
June 8th, 2018
With continuous alterations in previous Budgets being a source of frustration and confusion for both funds and members, the 2018/19 Budget continues to tinker with the system resulting in a number of changes being made that employers should be aware of. The Government has announced three initiatives which will have an impact upon members, the […]
From 1 July 2018, Single Touch Payroll (STP) will become mandatory for employers with more than 20 employees. The ATO led initiative will see an improvement in the way wages, superannuation and PAYG taxes are monitored, encourage greater transparency, modernise payroll reporting and connect business to the ATO in real time through their accounting software. […]
So your business is up and running and you’ve set up a Facebook business page account. A few months go by and you’ve barely had a hit. What are you doing wrong? Follow these tips to maximise your exposure, generate followers and potential sales. Tip1: Housekeeping First thing’s first: You need to create a Facebook […]
The EOFY is fast approaching, and as employers there are a number of obligations that you must meet before 30 June 2018. Along with your compliance and legal obligations, the EOFY marks an important time where employers can assess the year that was and plan for the new financial year, complete bookkeeping, tax returns, as […]
January 31st, 2018
Since the introduction of the Federal Government’s SuperStream programme, there’s been many changes to the way in which employers pay their employees’ super contributions. Likewise, First Super is working hard to reflect the new requirements in its systems to improve and streamline the process for you, First Super’s valued employers. In accordance with the new […]
Introduced in 1992, Superannuation Guarantee (SG) – that is, the compulsory superannuation system for Australian employees – remains highly topical more than two decades on. Changes to the super system are constant, and add complexity to the process for the superannuation industry, advisers, and of course employers and employees. Public and parliamentary debate about elements of […]
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