In this guide
You’ve decided to change super funds or are at least thinking about it. Perhaps you are unhappy with your current fund’s investment performance, fees or services. You could be looking for something your fund doesn’t offer like genuinely ethical investments or different insurance features.
It goes without saying that you should always shop around before switching funds. Don’t be tempted to follow a friend’s recommendation, TV ad or media coverage of the year’s best-performing fund without doing your homework.
Learn more about how to compare super funds.
That said, once you’ve found the fund for you and decided to take the leap, how do you make the switch?
The following steps are designed to guide you through the process and help you avoid common traps.
1. Check if you have choice of super fund
If you’re an employee and you want to change super funds, you should first check to confirm you have choice of fund with your employer. Most Australians can choose the fund their employer contributes to, but a small number of people working under enterprise agreements or in the public sector are not eligible for choice.
If you have choice, go to step 2.
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