News & Updates
Fund update
EISS Super CEO Alexander Hutchison resigned from his role with the Fund last week. We thank Alex for his vision and leadership as CEO.
What changed in super on 1 July 2021?
A number of existing super measures changed on 1 July 2021. In this article, we'll outline the new caps, thresholds and contribution rules.
Jul 27, 2021
1 MIN
Federal Budget: What's proposed for 1 July 2022
Find out if any of the planned changes, regarding superannuation and retirement, announced in the May 2021 Federal Budget could impact you and your retirement plans.
Jul 27, 2021
5 MINS
Credit card tips
Here are a few quick tips to save you money and help you get your credit card bill under control.
Jul 27, 2021
3 MINS
News & Updates
News & Updates
EISS Super and TWUSUPER merger discussions
EISS Super and TWUSUPER have signed a Memorandum of Understanding (MOU) to explore the potential benefits of a merger of the two funds.
News & updates
What changed in super on 1 July 2021?
A number of existing super measures changed on 1 July 2021. In this article, we'll outline the new caps, thresholds and contribution rules.
News & updates
Federal Budget: What's proposed for 1 July 2022
Find out if any of the planned changes, regarding superannuation and retirement, announced in the May 2021 Federal Budget could impact you and your retirement plans.
News & updates
2020/21 our best ever year of performance
During 2020/21 we’ve delivered to members our best ever year of performance for our High Growth, Growth (available in the Retirement Scheme only), Balanced (MySuper) and Conservative Balanced options.
News & updates
Australia's economic rebound
Australia, much like most developed market economies around the globe, has fared much better during the pandemic than many would have expected.
News & updates
Investment performance - July 2021
Australia, much like most developed market economies around the globe, has fared much better during the pandemic than many would have expected.
Super
Super start to the new financial year
The start of a new financial year is an ideal time to reset your goals and get your finances in order for the year ahead.
News & Updates
Memorandum of Understanding (MOU) with TWUSUPER
EISS Super and TWUSUPER have signed a Memorandum of Understanding (MOU) to explore the potential benefits of a merger of the two funds.
Retirement
Travelling in retirement for less
When we’re not in lockdown, travelling is a great way to explore exciting locations, try new things and connect with different people and cultures.
Retirement
Temporary reduction in minimum pension drawdown rates extended
The Federal Government is extending the temporary reduction in superannuation minimum drawdown rates for an additional year to 30 June 2022.
Managing your money
The importance of estate planning
Thinking about how your estate is distributed after you pass away is more than just writing a Will. Find out more about the steps you should consider when estate planning.
Super
How to consolidate or transfer your super
Thinking about switching super funds or merging your lost super? Here are the key points to consider before you do and how to go about making the change.
News & updates
Federal Budget 2021
The focus of this year’s Federal Budget is on initiatives designed to maintain and grow Australia’s post-pandemic economic recovery, which has been better than expected.
Retirement
Want a more fulfilling retirement?
After years of hard work, retirement is your chance to relax and take some time just for you. Let's look at some of the activities you can pursue to make the most of your time.
Managing your money
Becoming a loan guarantor
When buying their first home, some first home buyers turn to family members for help through a loan guarantor arrangement. Here are some things to consider before agreeing to become a loan guarantor.
Super
Finding lost or unclaimed Super
As reported by the Australian Taxation Office (ATO), a staggering $13.8 billion dollars of lost or unclaimed super is sitting in Australians’ accounts as at 30 June 2020. Could some of it be yours?
News & Updates
Fee reduction: Retirement Scheme Cash investment option
From 5 January 2021 the fee on the EISS Retirement Scheme Cash investment option was reduced from 0.51% p.a. to 0.30% p.a. The fixed $39 per year administration fee remains unchanged.
Super
Contribution caps set to increase
From 1 July 2021, Australians will be able to put more into their super as the concessional and non-concessional contribution caps and the general transfer balance cap have increased due to indexation for the first time since July 2017.
Managing your money
Six myths when seeing a financial planner
Are you curious about seeing a financial planner, but just not sure it’s for you? Or maybe you’ve heard something about financial planning that’s put you off? We debunk some of the common myths about seeing a financial planner.
News & updates
Media Release: Memorandum of Understanding (MOU) with TWUSUPER
EISS Super and TWUSUPER are pleased to announce that the two funds have entered into a Memorandum of Understanding (MOU) to commence a formal due diligence process exploring whether a merger of the two funds is in the best interests of their respective members.
Life changes
What does it mean to have a balanced life?
People have been talking about 'balance' since ancient times, when philosophers were trying to work out the definition of 'good life' and 'happy life'. Read on to discover what a 'balanced life' means.
Managing your money
Investing outside of super
Super is designed to be a long term savings plan to fund your retirement and it's often the best way to do so because of advantages to investing in super like tax concessions. However, there are a lot of opportunities to invest outside of super, the trick is finding the right mix to suit your goals and risk appetite.
News & updates
Stapled super accounts coming soon!
As part of the proposed ‘Your Future, Your Super’ changes announced in the 2020-21 Federal Budget, super accounts will soon be ‘stapled’ to your employees. But what does this really mean?
Retirement
Downsizing in retirement
There are many reasons you might consider selling your home and buying a smaller place to live. Understand the financial implications of downsizing before you decide to sell.
News & Updates
Official superannuation partner of the NRL and NRLW
We’re pleased to announce that EISS Super has signed a three-year partnership agreement to become the ‘Official Superannuation Partner of the NRL and NRLW’. This major partnership includes the match ball branding for all matches across the NRL Premiership, State of Origin Series, Domestic Test Matches, and the All Stars Game being played next weekend in Townsville.
Managing your money
Buy now pay later
Buy now pay later plans are a hybrid payment plan - somewhere between a lay-by and credit card purchase. They allow you to buy goods and services, receive them immediately and pay for the purchase over time via regular instalments. Learn more
Life changes
How soon can you retire?
Feel like retiring but not sure when you'll be able to? It helps to know if you'll have enough savings to provide an income that will give you the lifestyle you deserve in retirement.
Managing your money
Credit card tips
Here are a few quick tips to save you money and help you get your credit card bill under control.
Managing your money
Love and money
The decision to move in with a partner is a big step in a relationship, both personally and financially. In planning for this move, it’s important to consider the different areas of your lifestyle that are likely to change including financial matters.
Managing your money
Overspent in the holidays?
Feel like your credit card took on a life of its own over the Christmas and New Year’s break? Here are a few tips to save you money and help you get and keep your credit card bill under control.
Retirement
Spend more of your retirement in your home
Keeping your independence by living in your home as you age is a goal for many. However, the reality is that you may need a little help with cleaning, meals, transport and nursing care later in life.
Superannuation
Can anyone join an industry fund?
Industry super funds operate on a not-for-profit basis, and are not owned by a bank or investment company that might seek to retain some profit from the business. As such, with an industry super fund, you could enjoy better terms when it comes to returns, fees, and charges.
Super
Annual Member Meeting
The Annual Member Meeting offers an opportunity for you to hear from EISS Super and ask questions of the people who manage your super. Questions can be submitted as part of your registration for the meeting.
Managing your money
Winning the debt battle
Paying off debt can feel like a weight has been lifted off your shoulders. Here are some tips and strategies to help you enjoy that debt-free feeling.
Retirement
Are you ready for an encore career?
Retirement was traditionally a time of leisure and relaxation, a welcome reward for a long and challenging career. However, our increasing life expectancy and improved health in later years is changing this expectation with many retirees harnessing their free time and energy to explore their passions.
News & updates
Protect yourself from cyber criminals
In times of uncertainty such as what we're experiencing with the Covid-19 outbreak, cyber-criminals look for ways to exploit the situation. Whether it's your super account or other online accounts, password hygiene is often the front line of defence against cyber-attacks.
Managing your money
5 Simple ways to cut years off your mortgage
Buying a house is often the biggest purchase you’ll make in your life and committing to a 25 or 30-year home loan can be daunting. We’ve compiled a list of 5 simple ways to cut years off your mortgage and potentially save you thousands of dollars in interest.
Retirement
Manage your pension easily online
Have you logged in to your online account recently? It’s important to login regularly as we often make updates and add new features to make it easier for you to manage your pension.
News & updates
A new era for financial planning
Over the past years, the financial planning industry has experienced significant changes - particularly after the findings of the Royal Commission. As a result, the Government introduced the Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics on 1 January 2020. This new Code is a set of principles and core values designed to raise the standards of professional and ethical behaviour within the industry.
Managing your money
Time to review your private health cover
As health funds occasionally change the services on their policies and the benefits they pay, it’s a good idea to regularly review your health insurance and compare it with others to make sure you’re getting the best deal and the right cover for you and your family.
Super
When markets are hit by a curve
It’s during uncertain times like these that many are wondering what, if anything, they should do with their super.
Managing your money
Staying ahead of cyber criminals
Cyber crime isn’t one of the industries in lockdown. In fact, cyber criminals have been very active using the Covid-19 theme to scam people. Here’s some things to look out for to protect you and your family.
Life changes
The lipstick effect – how we spend when markets lose their gloss
How does our spending change when economies experience a downturn?
Life changes
Rent or buy: What's the best option for you?
Australia’s average residential property price in December 2020 was $728,500, and some capital cities averaged substantially more even before the pandemic hit our shores.