If you are unhappy with your super account’s investment return you may consider switching super funds. Depending on the reasons for your dissatisfaction, a simple way to boost your savings could be to move some, or all, of your existing super account balance into another investment option within your current super fund. (If you are keen to change super funds, then see SuperGuide article Fund choice: Comparing super funds in 8 steps.)
Making an ‘investment switch’ could have a positive or negative impact on your long-term investment returns, so it’s important to carefully compare the different investment options within your super fund and understand what they are offering. Continue reading this article for the six-step process to switch investment options within your super fund.