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Time to think ahead

First Super has just released its 2017/18 Annual Report. The publication marks 10 years since the Furniture Industry Retirement Superannuation Trust, the Pulp & Paper Workers’ Superannuation Fund and the Timber Industry Super Scheme merged in July 2008 to become First Super. Inside this year’s report, you’ll find highlights of the year, an overview of […]

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 […]

How good is tax time? In exchange for a few hours filling out your tax return, you could receive a handy windfall into your bank account. And with a bit of planning, you could make the ATO’s refund go a lot further. Receiving any lump sum of cash can make treating yourself tempting. But there’s […]

Are you keeping your super safe from scammers? The Australian Taxation Office (ATO) is warning of a new type of rort around early release of super, which in many cases is illegal. The ATO says that con artists are promoting schemes that encourage people to access their super savings early to help them to buy […]

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 […]

Statements coming soon

You will soon receive your 2017/18 Annual Statement in the mail, in addition to your e-statement if you have selected that option. Once you receive your statement, take a few moments to check the following: • Are all your personal and contact details correct? • Do we have your Tax File Number? • Have you […]

The government has made a number of changes to superannuation this financial year, which are designed to improve the system for all Australians. While these changes may not affect you now, it’s important to be aware of them should your circumstances change in the future. Recent major changes to the super system include: changes to […]

Retirement planning and superannuation in Australia dates back to the early 1900s. As is the case today, initial schemes were established to provide for people in retirement. Fast forward a century and the complexity of superannuation has spawned a whole new industry dedicated to growing and protecting savings wealth for use in later life, or […]