Investment switch allows you to change how your money is invested.
You can switch some or all of your account balance (by nominating percentages), and/or future contributions or rollovers.
You can do the changes at any time, and there's no fee to switch.
Ready to make a switch? Simply head to Member Online to make your changes online.
There’s no fee to switch and you can make your changes at any time.
Simply:
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There’s no limit on how often you can switch. However, it’s worth keeping in mind that saving for retirement – and even saving in retirement – is a long-term investment. For that reason, it can be important to maintain a long-term view when it comes to how you invest your money.
Frequent switching between investment options and trying to second-guess the market can be risky. You should only switch after a thorough review of your long-term investment strategy. We recommend you obtain financial advice before making any decisions about switching between investment options.
The amount you switch may not be known until we calculate the unit prices for the effective date of your switch. This means that the amount switched will not be the balance you currently see.
For example, when you look at your balance online, it is based on the latest available unit price. This is usually from two days ago. When your switch is processed, your balance will be updated with the unit price for the date you switched. The unit price will reflect changes in investment markets which will also impact your balance. This means that the amount switched will not be the same as the balance you last saw.
If we receive your request to switch your investments prior to 4:00 pm AEST on a Melbourne business day, it will be effective using the unit prices for that day. If your request is received after 4:00 pm on a Melbourne business day, or on a public holiday, or on a weekend, then the change will be effective using the unit prices for the next business day.
It usually takes about two business days to see a switch reflected on your account. This is because the unit prices are calculated once investment markets have closed for the day you switched. The unit price is calculated on the next business day and will usually be applied to your account the following business day.
It’s important that you consider these things before making an investment switch. You should also consider seeking financial advice before you make investment changes to your super.
We offer a wide range of investment options, so you get to choose which ones work best for your needs.
Your investment choices can have a significant impact on your super balance and how much you’ll have for retirement.
Your investment choices can have a significant impact on your super balance and how much you’ll have for retirement.
