Australians have enjoyed low interest rates for more than a decade, but the current official RBA cash rate has recently increased from 0.10% to 0.85% over the past two months.
Jun 09, 2022
6 MINS
The rising cost of living is top of mind for many Australians who are struggling to keep up with the surging inflation rate, which can put household necessities out of reach. In fact, rising inflation (which has reached its highest level in two decades) was a hot topic in the recent Federal election.
Jun 09, 2022
2 MINS
At a time when the cost of living is steadily increasing, it’s important to find ways to save. The cost of housing, petrol prices, and groceries are the largest contributors to the current increase in expenses – and as these are living essentials for most people – now is a good time to review your budget. It’s also a good time to check if you’re eligible for any government rebates.
Jun 09, 2022
4 MINS
News & updates
The rising cost of living is top of mind for many Australians who are struggling to keep up with the surging inflation rate, which can put household necessities out of reach. In fact, rising inflation (which has reached its highest level in two decades) was a hot topic in the recent Federal election.
News & updates
Australians have enjoyed low interest rates for more than a decade, but the current official RBA cash rate has recently increased from 0.10% to 0.85% over the past two months.
Managing your money
At a time when the cost of living is steadily increasing, it’s important to find ways to save. The cost of housing, petrol prices, and groceries are the largest contributors to the current increase in expenses – and as these are living essentials for most people – now is a good time to review your budget. It’s also a good time to check if you’re eligible for any government rebates.
Managing your money
As our lives become increasingly reliant on digital technologies, it’s more important than ever to make sure we understand the dangers associated with cybercrime.
News & updates
The March 2022 Federal Budget did not see any significant changes to superannuation, but an extension of pension minimum drawdown rates was announced. There are however a number of previously legislated initiatives that take effect on 1 July 2022 which we have outlined.
News & updates
Check out how investments and global share markets are performing.
Super
Understanding your risk tolerance can have a big impact on your retirement savings, so take the time to think about how you want your money managed.
Retirement
Most people focus on building their retirement nest egg before they retire but, there are also a number of proactive things you can do to maximise your super after retirement. Here’s five strategies that may help.
Managing your money
For many Australians, thinking about how your super is invested; if it’s growing and if you’ll have enough to retire comfortably can take a back seat to your immediate finances, but building your super when you’re young can have a big impact on your future.
Life changes
You might be contemplating what life will look like in the post-pandemic world, and if any of the lifestyle adaptations you made during lockdown will remain.
News & updates
The focus of this year’s Federal Budget announcement was on initiatives designed to address the rising cost of living in Australia.
News & updates
Having signed an MOU, we are now in a formal due diligence period with Cbus Super and are sharing information and working together to more fully understand the benefits that a merger could deliver to our members.
News & updates
The Russia – Ukraine conflict is affecting investment markets. Find out more about what it means and what you should consider if you’re thinking about making changes to how your super is invested.
News & updates
On 17 December 2021, EISS Super and Cbus Super signed a Memorandum of Understanding (MOU) to work towards completing a merger in 2022.
News & updates
Over the past couple of months there have been some changes to the EISS Super Board and executive leadership. Get to know some of the new people responsible for managing your super.
News & updates
As part of the ‘Your Future, Your Super’ changes announced in the 2020-21 Federal Budget, Australians' super accounts will be ‘stapled’ to them when they change jobs. But what does this really mean?
News & updates
After strong gains in July and August, share markets fell in September, but the full quarter returns remained positive. Read our market overview for October 2021 here.
News & Updates
An update for members about additional licence conditions relating to completing a merger and expenditure management.
Managing your money
It can be risky borrowing money to invest, so do your homework or speak to one of our financial planners before you take the plunge. Read more about borrowing to invest here.
Life changes
Pandemic restrictions, border closures, a surge in online shopping and supply chain issues means you need to be more organised this year with your Christmas shopping.
Life changes
It's a fact: Australians are living longer. In this article, we discuss some practical habits that you can adopt to age well, physically and mentally.
News & updates
Our MySuper product’s default investment strategy (Balanced MySuper) did not meet the 2020/21 annual performance assessment benchmark.
News & Updates
EISS Super CEO Alexander Hutchison resigned from his role with the Fund last week. We thank Alex for his vision and leadership as CEO.
News & updates
All our investment options performed above the super industry average for the financial year ending 30 June 2021. View our performance over 1, 3, 5, 7 and 10 years.
News & updates
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
Australia, much like most developed market economies around the globe, has fared much better during the pandemic than many would have expected.
Life changes
With vaccination numbers climbing, now may be a good time to plan your next holiday. Here's 5 good reasons why you should consider planning a holiday.
Life changes
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.
Super
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.
Retirement
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.
Life changes
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.
Super
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.
Retirement
The Federal Government is extending the temporary reduction in superannuation minimum drawdown rates for an additional year to 30 June 2022.
Managing your money
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
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
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
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
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.
Managing your money
The end of the financial year is always a good time to take stock of where your finances are at. Here are some suggestions to help you tick all the boxes.
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?
Managing your money
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.
Life changes
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
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.
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
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.
News & Updates
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.
Managing your money
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
Managing your money
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
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.
Super
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.
Life changes
Are you sick of being put in that category of ‘once you’re over a certain age there’s no hope for you and your relationship with technology?’ Well, we’re here to tell you, age has nothing to do with it.
Managing your money
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.
Managing your money
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
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
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
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
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
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
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.
Life changes
How does our spending change when economies experience a downturn?
Managing your money
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.
Super
It’s during uncertain times like these that many are wondering what, if anything, they should do with their super.
Managing your money
Whether you’re planning to get your very first credit card or are feeling like your current card is a bit out of control, it’s important to know everything you can about how credit cards really work.
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