How do I switch my super to a Shariah-compliant fund?
The mechanics are the same as any super switch. The sequence below describes them; it is not a suggestion that you should switch.
- Compare the options - fees, risk profile, benchmark, screening standard and disclosed Shariah evidence
- Read the PDS and the TMD for the option you are considering
- Check your insurance first - cover does not follow you (see the next answer)
- Open the new account by completing the fund's application
- Roll over your existing balance through myGov or the new fund's rollover form
- Give your employer a standard choice-of-fund form so future contributions go to the new account
Superannuation is a long-term structure with access restrictions. Consider your circumstances, and consider licensed advice, before changing arrangements.
Factual and educational information only. Nothing on this page is financial product advice, a recommendation, or a Shariah ruling. Consider your circumstances and the product's disclosure documents, and seek licensed advice and qualified scholarly guidance before acting.