Home / In retirement / Income from super / Q&A: Can I move my pension to another provider?

Q&A: Can I move my pension to another provider?

Q: I’m drawing a pension from an account-based pension fund. Can that account be moved or switched to another better provider? If so, what is involved?

A: What we need to think about is that the super rules, the portability rules and general fund rules allow you to move money from one fund to another fund. We’re looking here at the superannuation rules allowing that. To do that, you would just need to follow any rules that are set out from fund one, your current fund, and then follow any required process set out by the second fund where you want the money to go to. The super rules allow it. You just need to check the fund-specific rules for both of those funds, the current fund and the receiving fund. What do they allow? What don’t they allow? Even though the super rules might allow something, the funds have their own specific rules which need to follow as well. They also might have their own specific process to initiate or to follow through with those rollovers. So do keep in mind that the super rules might allow it. What do the fund specific requirements include?

About the author

Related topics,

IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more

© Copyright SuperGuide 2008-25. Copyright for this guide belongs to SuperGuide Pty Ltd, and cannot be reproduced without express and specific consent. Learn more

Leave a Reply