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Time to enjoy

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 […]

Time to enjoy     News & Media     

The eSafety Commissioner is hosting free webinars to help older Australians stay safer online. They’re helping over 4 million older Australians to improve their computer skills, and who want help addressing online safety concerns. Webinars including ‘Can you spot a scam?’ and ‘Staying safe on Facebook’ are just some of the free webinars available on […]

Time to enjoy     

Now that our six-month investment returns have been confirmed, the 2019/20 mid-year statements have been produced and are scheduled to arrive in mailboxes by 1 March. This statement provides an overview of your pension account balance, transactions and investment returns as they stood at the halfway point of the financial year. In your statement pack, […]

Fees changes

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 enjoy     

The Federal Government announced a review into the retirement income system on 27 September 2019. This evaluation was recommended by the Productivity Commission in its report Superannuation: Assessing Efficiency and Competitiveness. It comes 27 years after the establishment of compulsory superannuation. An independent panel will undertake the review, which will cover the current state of […]

Time to enjoy     

With share markets mainly buoyant in the first half of 2019/20, First Super’s investment options fared well, with our Balanced option achieving 3.79% for the six months. 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 11 […]

Time to enjoy     Time to invest     News & Media     

Industry super fund-owned bank ME shares a few ideas on how to enjoy summer while keeping your finances in great shape. The sun is shining, the days are longer and opportunities for get-togethers are everywhere. Check out ME’s affordable ways to relish the fun so you can head into autumn without a burnt-out budget. 1. […]

Time to enjoy     News & Media     

The Super Downsizer Measure, which started on 1 July 2018, allows eligible over-65s to sell their homes and contribute up to $300,000 of the proceeds from the sale into their super account. Recent figures show that more than 5,000 people across Australia have made this type of contribution. However, the Australian Taxation Office (ATO) has […]