First Super: Investment performance and fees

First Super is an industry super fund for the furniture, joinery, pulp, paper and timber industry that's open to all members to join.

Alison Banney's headshot

By

Alison Banney

Updated

Fact checked

Start comparing

First Super performance and fees

When joining the fund you'll be placed in the MySuper Balanced option initially which is the default option, however you can switch to another investment option at any time.

1 - 6 of 6
Name Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)
First Super Conserv Balanced
First Super logo
Industry fund
Last 1 year performance (p.a.)
+6.68%
Last 3 year performance (p.a.)
+4.41%
Last 5 year performance (p.a.)
+4.6%
Last 10 year performance (p.a.)
+5.45%
Fees on $50k balance (p.a.)
$502
More Info
First Super Balanced
First Super logo
Industry fund
Last 1 year performance (p.a.)
+9.11%
Last 3 year performance (p.a.)
+6.02%
Last 5 year performance (p.a.)
+6.6%
Last 10 year performance (p.a.)
+7.31%
Fees on $50k balance (p.a.)
$542
More Info
First Super Shares Plus
First Super logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+11.17%
Last 3 year performance (p.a.)
+6.98%
Last 5 year performance (p.a.)
+8.49%
Last 10 year performance (p.a.)
+9.04%
Fees on $50k balance (p.a.)
$532
More Info
First Super Growth
First Super logo
Industry fund
Last 1 year performance (p.a.)
+10.35%
Last 3 year performance (p.a.)
+6.79%
Last 5 year performance (p.a.)
+7.66%
Last 10 year performance (p.a.)
+8.12%
Fees on $50k balance (p.a.)
$527
More Info
First Super - Cash
First Super logo
Industry fund
Last 1 year performance (p.a.)
+3.86%
Last 3 year performance (p.a.)
+2.67%
Last 5 year performance (p.a.)
+1.91%
Last 10 year performance (p.a.)
+2.06%
Fees on $50k balance (p.a.)
$207
First Super MySuper - Balanced
First Super logo
Industry fund
Last 1 year performance (p.a.)
+9.11%
Last 3 year performance (p.a.)
+6.02%
Last 5 year performance (p.a.)
+6.6%
Last 10 year performance (p.a.)
+7.31%
Fees on $50k balance (p.a.)
$542
loading
Showing 6 of 6 results

The information in this table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445. In limited instances, where data is not available from SuperRatings for a product, the data is provided directly by the superannuation fund.

*Past performance data and fee data is for the period ending August 2024

Key features & facts of First Super

  • Industry super fund. First Super is an industry fund for those working in the furniture, joinery, pulp, paper and timber industry (however it is now open to everyone to join).
  • Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
  • MySuper product. The MySuper Balanced investment option is the default investment option for all members when joining the fund, unless you choose otherwise.
  • Simple range of pre-mixed investment options. Members can choose between a small range of different pre-mixed investment options that each have a different risk level and asset allocation.
  • No single sector options. First Super offer just 4 simple pre-mixed fund options, and no single sector options to build your own investment mix.

First Super pre-mixed investment options

If you don't make an investment choice, you'll be placed in the Balanced option, which is the default MySuper investment product designed to suit most members.

Investment optionRisk level
Conservative Balanced

This option has a more even balance between growth and defensive assets compared to the other options, which invest in more growth assets. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth.

Medium
Balanced (MySuper)

This is the default investment option designed to suit most members. It's where you'll be invested if you don't make an investment preference. It has a focus on growth over the medium to long term.

Medium to High
Growth

This option provides more allocation to growth assets than the previous options, and may suit members looking for more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years, or members with a higher risk tolerance.

High
Shares Plus

This option invests almost entirely in shares, making it the most high-risk investment option available. It aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth.

High

First Super default insurance cover

Eligible members will receive the following default insurance cover when joining:

  • Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
  • Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
  • Income Protection: This cover is paid out in the even you can't work and lose your income.

You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.

How to join First Super

You can join online by completing the application form on First Super's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:

  • Your full name, date of birth and contact information
  • Your Australian residential address
  • Your phone number and email address
  • Your tax file number (TFN)
  • Your chosen investment option (if you want to invest in something other than the Balanced option) and insurance cover
  • Details of your existing super fund if you'd like to consolidate your super

Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.

Alison Banney's headshot
Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living
More resources on Finder

More guides on Finder

  • Hostplus vs HESTA

    Hostplus and HESTA are two popular industry super funds, but which is right for you? We've compared their fees, investment options and performance side by side to help you choose.

  • AustralianSuper vs Rest Super

    AustralianSuper and Rest are two popular industry super funds, but how do they compare on fees, performance and investment options?

  • AustralianSuper vs Hostplus

    Can't decide between AustralianSuper or Hostplus? We've compared their fees, performance and investment options side-by-side to help you choose.

  • AustralianSuper vs HESTA super

    Trying to decide between AustralianSuper and HESTA? We've compared their fees, investment options, performance and extras side by side to help you choose.

  • AustralianSuper vs Australian Retirement Trust

    Trying to decide between AustralianSuper and Sunsuper? We've compared their fees, investment options, performance and extras side by side to help you choose.

  • Best super funds Australia – 5 expert picks

    We've analysed Australian super funds to find the best-performing super funds, the best industry super funds and the best super fund for low fees. Find the right super fund for you.

  • Superannuation investment options

    Here’s how to choose between the different investment options offered by your super fund, including balanced, growth and ethical options.
  • 6 ways to grow your super balance

    There are many ways you can grow your super, including salary sacrifice, making extra personal contributions and reducing your fees. Here are six easy ways to increase your super.

  • Superannuation for sole traders and self-employed

    Self-employed super contributions are a great way to boost your retirement savings, but there are some rules. See rules for contributions and compare super funds if you're self employed.

  • Best superannuation for under 18s

    When you start your first job you'll need to open a bank account, a super fund and understand what your tax obligations are.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site