Changing Super Funds? Here Are 5 Risks You Must Know.

Thinking of changing super funds? This is a MUST watch video before you do. Here are 5 risks you need to be aware of before transferring your super to a different fund.

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⏱ Timestamps
00:00 - 5 Risks of Changing Super Funds
00:32 - Reasons for Rolling Over Your Super
01:04 - Risk 1: Insurances
02:44 - Risk 2: Super Contributions
03:57 - Risk 3: Time Out of the Market
04:53 - Risk 4: Transaction Costs
05:37 - Risk 5: Investment Returns

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-- 5 Risks of Switching Super Funds --

Once you rollover your superannuation, the decision cannot be reversed. This checklist can help ensure you don’t make a costly mistake or switch super funds for the wrong reasons.

You might be trying to reduce fees or move to a better performing fund. That decision is up to you. Just make sure you don’t undo all of your good intentions by making one of these costly mistakes.

Not only does this video explain the risks of rolling over your super, but I’ll tell you exactly what you need to do to make sure the risks don’t impact you.

#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions.

General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.

[eddiecoyle]

Hi Chris,
Thank you so much for this greatly informative video series. You answered all of my questions completely in plain and simple language.

[Enthusiasmisgood]

Better than I was expecting. Thank you.

[hiddengems]

Hi Chris, great video! What about transferring the insurances to your new fund (perhaps in addition to auto insurance in your new fund)? This is a possibility isn't it?

[coffeeaffairs]

can you please do a comparison video MLC my super vs Australian super & Hostplus

[clientbounty]

I've left Australia but have my super of 18 years with AMP. I hear they are pretty much the worst these days. So "chasing" a better return with one of the top super funds would probably be warranted in this instance, do you think? :)

[angelacathcart]

Hi Chris. Just wondering if there is also capital gains tax to be paid when rolling over.

[mthbmk]

TPD tax implications if a claim is made.