August 20, 2022

Luke on 2CC – How do you switch super funds?

17 minutes

Thinking about changing your super fund provider? How do you switch super funds?

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 19 August 2022. Leon and Luke start the show by talking about what average annual earnings are right now – $92,000 a year for full time employees. This week’s topic for discussion however is: How do you move your super from one fund to another fund?

Key topics covered include:

The way you switch super funds has changed over time

How you switch funds will depend on the type of fund you have

What’s the process for switching super funds?

Do I have to roll over the entire account balance?

Why might you want to switch super funds? There’s a lot of reasons why you might make a change.

Don’t forget about insurance – your new fund might not cover you or offer differ terms and conditions.

Luke shares his top tips to consider around switching super funds.

Listen to the Podcast right now

https://www.envisionfinancial.com.au/wp-content/uploads/2022/08/The-Strategy-Stacker-Lule-Talks-Money-19082022.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need advice on switching super funds?

There are many reasons why you might switch super funds. It’s not just about poor performance. Make sure you understand what you’re moving to and seek advice if you need assistance.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.

Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.

We look forward to your company again.

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By Luke Smith