When you first join Statewide, you’re able to choose your investment option(s). If you don’t make a choice, your money is automatically placed in the MySuper option.
You can switch your investment option as often as you like but it’s important to read about the pros and cons of switching before you make any decisions and consider talking to a Financial Planner to help you work out what type of investor you are and the option that’s right for you.
Switching your investment options
Use the Member investment choice/switching (superannuation) form to apply to switch your investment option(s).
You can switch your investment option(s) at any time. Statewide will generally process your switch within three business days after Statewide receives your full and complete switching request.
How much does switching cost?
For investment switches that relate to your existing account balance, the first switch in a financial year is free. Additional switches in the same financial year cost $20 per switch and will be deducted from your super account.
There are no fees involved when switching investment options that relate to your future contributions.
For more detailed information, download the How we invest your money booklet.
Call our friendly Client Services team on 1300 65 18 65 if you have any questions.
For personalised advice tailored to your needs, consider talking to a Financial Planner.
While we all want consistently positive super returns over the years, the reality is, super returns are like any investment in that they can go down as well as up. i you want to find out more check out historical returns and read the pros and cons of switching.