How to choose a fund
Step 1 - Gather information and work out what's best for you
Compare the features and benefits of your current fund, the fund chosen by your employer, and any other funds you're considering. See the section on Comparing funds.
Step 2 - Tell your employer about your chosen fund
If you choose your own superannuation fund, you must give your employer details of your chosen fund by completing Section A of the Standard choice form, or providing all the necessary information in writing.
Your chosen fund must be a complying superannuation fund or retirement savings account and your employer must be able to make contributions to that fund.
Your chosen fund will give you the information you need to provide to your employer, including evidence that the fund is complying and will accept contributions.
Don't seek financial advice from your employer unless they're licensed to provide it. If you need help, you can seek financial advice from a qualified financial adviser.
| These steps are to change funds for your future employer contributions. To move your existing balance (including previous employer or personal contributions) to a different fund, ask your old or new fund for a transfer form. You can transfer (or 'roll over') your super, with some limited exceptions. Your old fund has 30 days to make the transfer. |
You don't have to choose
If you don't make a choice, your employer's contributions will be paid into the superannuation fund your employer has chosen (currently GESB for most State Government employees).
Your employer's chosen fund may be suitable for your current needs. You can still choose a different fund later.
If you are unsure of your employer's current chosen fund, contact your HR Officer or check this on the Standard choice form.
You can choose as often as you wish
As a State Government employee, there is no restriction to the number of times you can change funds through your employer. But remember that superannuation is designed to be a long-term investment and there may be consequences for changing funds frequently (exit fees or losses in insurance entitlements, for example).