First Super Review
First Super Performance: Returns to September 30 2021
|Investment Option||1 Year||3 Year||5 Year|
|Conservative Balanced VS Median||3.33%||-||-|
|Balanced (default) VS Median||-1.43%||-||-|
|Growth VS Median||-2.26%||-||-|
First Super Fees
|Investment Option||Flat Fee||Percentage Based Fee||Fee Based on 50k|
Insurance is available through First Super. However, it is not rated by Omnilife. To compare all available options for insurance through your super fund please click below.
ABN: 56 286 625 181
Address: PO BOX 666 Carlton South VIC 3053
About First Super
When Reviewing Super funds it’s a good idea to learn more about choosing a super fund. Consider the following:
Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year.
Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.
Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.
Fourthly, and most importantly, make sure you review First Super against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.
In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.
In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.
Frequently Asked Questions
No, First Super is regulated by APRA
Yes, First Super is an industry fund
First Super is a not-for-profit fund with an industry membership base
Yes, anyone can join First Super