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July 6th, 2020
The last financial year was anything but normal and made life a little (or a lot) different for all of us. Keeping those unusual circumstances in mind is important now that it’s tax time. If the summer bushfires or coronavirus affected your pay, work circumstances or outgoings in the 2019/20 financial year, read on about […]
July 2nd, 2020
First Super is making it easier for New Zealand migrants to transfer their KiwiSaver balances to Australia and benefit from tax savings on their retirement savings under a new partnership with NZRelo. Your super fund has agreed an exclusive three-year partnership from 1 July 2020 to promote its superannuation services to NZRelo community members, including […]
June 12th, 2020
Members who took money out of their superannuation without meeting the eligibility requirements could face fines and prosecution, the Australian Taxation Office has warned. The Coalition’s early super access scheme allows eligible members to withdraw $10,000 in the last three months of this financial year and another $10,000 in the first three months of next […]
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 […]
February 26th, 2020
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 […]
With share markets mainly buoyant in the first half of 2019/20, First Super’s investment options fared well, with our Balanced option – in which most members are invested – achieving 3.59% for the six–month period. 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 […]
One of your First Super membership benefits – unless you cancel it – is automatic cover for four units of Death and Total and Permanent Disablement (TPD) insurance. This cover provides some financial protection should you no longer be able to work due to illness or injury, or in the event of your death. The […]
Money problems can creep up us on gradually – industry super fund-owned bank ME shares five key indicators that you could be heading into financial stress in 2020 and tips on what you can do to avoid it. 1. Your bank account is frequently overdraw If your account regularly dips into a negative balance, review […]
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