When you join Statewide Super you can choose your investment option(s) straightaway, or you can choose to sit tight for a while as you make up your mind. If you don’t choose, your money will be automatically invested in our MySuper option. Either way, your money is in good hands.
You can choose to switch your investment options at any point, so that they best reflect your goals and your comfort level with regards to financial risk.
How often can I switch?
You can switch your investment option(s) as often as you like, but it’s important to know the pros and cons of switching before you make any decisions. In fact, it’s always wise to chat to a Financial Planner to help you work out what type of investor you are, and the option that’s right for you. Just call us on 1300 65 18 65 (Australia wide), 08 7915 4800 (NT) or book an appointment online. As a Statewide Super member, your first meeting is provided at no additional cost.
How do I switch investment options?
Changing your investments is easy. Simply login to your secure Statewide Super Online account to make an investment switch electronically - that’s no forms and no fuss!
Once we’ve received your request, we’ll generally process your switch within three business days.
How much does switching cost?
For investment switches that relate to your existing account balance, the first switch in a financial year is at no additional cost. After that, each additional switch in the same financial year will cost $20 and will be deducted from your super account.
There are no fees involved when switching investment options that relate to your future contributions.
*For the period to 30 November 2021, five out of ten super investment options have delivered top quartile investment performance over seven years according to the SuperRatings Fund Crediting Rate Survey. Investment returns are not guaranteed, all investments have risk, and past performance is not a reliable indicator of future performance.
In deciding whether to acquire, or continue to hold, a Statewide Super product, please consider the applicable Product Disclosure Statement (PDS) and Target Market Determination (TMD).