Are you thinking of switching your investments?

Switching Investments

Here’s what you need to know.

When you contribute to your super, your money is invested into a range of investments such as property, Australian and overseas shares, and other assets. There are a range of investment options to choose from. You can either make this decision yourself or your super will automatically be invested into the most appropriate option for you.

At some point in time, you may consider switching your investment options. However, before you do, there are some things you should consider first.

How do I know if I have the right investment option?

The best way to determine this is to access sound financial advice. To get started on this, you can book an appointment with one of our financial planners. Simply click below.

Book a financial planning appointment

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.

Speak to a financial planner

A qualified financial planner can help you understand your investment options. 

Any figures quoted are correct at the time of writing but may be subject to change.

Authorised by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Catholic Super is a division of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Financial advice services may be provided to members by the trustee's related entity. 

Togethr Financial Planning Pty Ltd (ABN 84 124 491 078; AFSL 455010). The information contained herein is general information only. It has been prepared without taking into account your personal investment objectives, financial situation, or needs. It is not intended to be, and should not be, construed in any way as investment, legal or financial advice. Please consider your personal position, objectives, and requirements before taking any action. Past performance is not a reliable indicator of future performance.

© 2020 Togethr Trustees Pty Ltd. For further information please our contact our Service Centre on 1300 655 002 or visit our website: csf.com.au.