STEP 4
Superfund Switching
moneyGPS has identified that you can Improve your overall super position by completing a Superfund Switching Advice Plan
Suitable for anyone who wants to finally work out which is the right superfund for them, to help maximise your end benefit.
Why is Superfund Switching Important?
You can improve your end superfund balance and retirement savings by working out which is the most appropriate superfund that suits your requirement and investment profile.
Ever wondered what is the best fund for you?
Selecting the superfund that suits your overall preferences means that it is aligned to a range of factors important to you - including:
- The way your money is managed and invested
- Consideration of global and local matters
- The investment philosophy of the manager
- What types of insurance cover you are afforded
- Flexibility around the type of investment options you have access to
- The provision of other ancillary services which may be important to you, i.e., financial education, access to finance services, estate planning etc
- Any features that are relevant to your personal needs
How You Will Benefit from Expert Advice
at a fraction of the Normal Cost
The moneyGPS Superfund Switching advice plan will help you select the most appropriate and suitable fund to suit your circumstances and profile.
moneyGPS has created Australia’s first digital advice tool that will determine which superannuation fund best meets your needs.
The technology uses complex algorithms to compare funds across the market and show you what super fund you should be with.
We can then help you move across to that fund and we’ll make sure you end up in the right investment option in that fund as well… which could help you reach your retirement goals quicker!
The plan provides you with a compliant Statement of Advice (SoA or ‘Money Map’) in assessing what type of superannuation fund is right for your individual circumstances and personal preferences.
Key considerations in choosing the right superfund for you
What fees are you paying?
Fees can take many different forms. Don’t pay more than you have to! If your super balance is less than $6,000 fees are capped at 3%
What investment options are you in?
A fund will usually invest your funds in their default option if you don’t make a choice. Does the fund have sufficient investment options? The Big Question however: is the default fund suited to your current situation or risk profile?
What insurance cover is provided by your fund?
How much cover do you need to protect you and your loved ones? Can you ‘top up’ your insurance.
How easy is it to manage your super?
Can you make changes easily if your circumstances change such as switching investments or adding extra money? Can you do this online?
Are you in a defined benefit and thinking about opting out?
Whilst not as prevalent these days, being in a Define Benefit funds means you will need to understand the long-term implications of switching out of this type of fund.
Do you need advice?
Seeking advice to ensure you make the right move from your current fund to a new fund is critical.
If you have more than one fund, switching to a new fund could also assist you to consolidate your funds.
One of the biggest advantages of combining your accounts is the potential savings in fees and charges – leaving more money in your fund to invest and increase the value of your super fund - and ultimately to benefit your longer-term retirement benefit.
Tough Talk
Time is money! Don’t fall into the trap of leaving your hard-earned super money in a superfund that’s not right for you.
The sooner you start making your money grow in a fund that suits you, the sooner you will improve your retirement savings.
Taking the time to make sure you are in the right fund or if you need to make a change is an important step, as it will influence the end balance of your super fund and how you live in retirement.
Accessing financial advice from moneyGPS means clients receive
SIMPLE, CONVENIENT SOLUTIONS AT A LOW COST
So Act Now!
- Cheap – So everyone can afford advice
- Convenient – Accessing and understanding advice in your own time
- Flexible – You can go online and talk to someone
- Targeted – You chose the topics that are important to you
- Safe – Fully compliant providing you with a sense of confidence
Speak to a moneyGPS Coach
once you’ve completed an Advice Plan
Remember … a moneyGPS Coach is ready to assist you via a Zoom meeting by answering any questions you may have, and importantly will help you implement your advice plan.
GET STARTED
SUPERFUND SWITCHING
Finally, you have a solution, a roadmap, to help you achieve your financial dreams.
Its liberating to know you have the resources and assistance to get started on your financial journey.
It helps free your mind to work on your ‘financial to do list’ and keep taking those ‘exciting’ steps.
Importantly moneyGPS will be with you every step of the way.
Start the process now.
It doesn’t take long, and you can tick it off your financial ‘to-do’ list. Then you will be able to stop the “what if’ thinking.
5 Top reasons this will help you on your financial journey!
- Receive expert advice at a fraction of the normal cost.
- Grow your super faster
- Be confident that you are finally in the right fund for you
- Ensure you have access to all of the features that you need
- Be invested according to your risk profile
Start the process now!
Click the START TODAY button and start the advice process. Hit the Advice Button.
Follow these steps to access and use the Superfund Switching
Advice Plan:
1
Click below and
access your eligible
Advice plans
2
Select the
'Advice' Tab
3
Select the
Superfund Switching
Advice Plan
Time to Complete: 5 minutes