How do I change super funds?

You can change super funds any time. Your employer must pay SG into your chosen fund — this is your choice of fund right (exceptions are rare and specific).

Step by step

1. Research and open a new account. Use the compare funds tool to see fees, returns and insurance side-by-side. Signup takes 5–10 minutes online
2. Give your employer a Standard Choice Form. This tells payroll where to send future SG. Employers have 2 months to action it. You can also update via your employer's HR system if they have one
3. Roll your old balance across. Log in to myGov → ATO → Super → Transfer super, or use the new fund's rollover request form. Done via SuperStream in ~3 business days
4. Close the old account (optional). If fully rolled over, the old account is usually closed automatically once the transfer settles

Before you switch — check insurance

Default insurance (life, TPD, income protection) is tied to your current fund. Rolling out cancels it. Before you transfer:

• Check what cover you currently have and at what cost
• Check what the new fund offers at default — terms and exclusions can differ
• If your health has changed since you first got cover, getting equivalent cover elsewhere may be expensive or impossible — consider keeping the old account open just for insurance

Tax on rollover

A rollover between APRA-regulated funds is not a taxable event. No tax on the transfer itself. The taxable and tax-free components flow through to the new fund proportionally.

Defined-benefit schemes

If you're in a defined-benefit scheme (common for public-sector and some older corporate funds), do not roll out without advice. You may be surrendering guarantees that are worth materially more than the cash value on your statement.