How often can I switch investments?
You can switch between investment options at any time. If your investment switch is received by 4:00 pm AEST on a business day, your switch will be calculated at the unit price for that business day. If you switch after 4:00 pm, the unit price for the following business day will be used.
Are there any fees for switching my investments?
Catholic Super does not charge fees for switching investments.
How do I know how much I’ve switched?
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.
How long does it take for the investment switch to take effect?
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 sound financial advice before you make investment switches to your super. You can book an appointment with a financial planner here.
