Switching investment options
If you do not make an investment choice, your super will be invested in legalsuper’s default investment option, the Moderate option.
The Moderate option suits the personal situation (i.e. risk/return preferences) of most, but not necessarily all, legalsuper members.
This is why legalsuper offers additional investment options, so that members can tailor how their super is invested to best suit their personal situation. We recommend that you seek licensed investment advice before selecting your own investment options.
By way of example, a younger member (say, aged 30) may have up to another 30 years before they retire. This may mean they are more comfortable with riding out the more volatile returns of some assets (e.g. ‘growth’ assets such as shares or property) that historically have performed better over the longer term than other assets (e.g. ‘defensive’ assets such as cash and fixed interest).
On the other hand, if you are nearing retirement, you may prefer the lower volatility of return from ‘defensive’ assets such as cash and fixed assets, and wish to limit or avoid exposure to ‘growth’ assets such as shares and property. Ultimately, the choice is yours to make.
How can I make a choice?
You can make an investment choice on any working day, and there is no fee to do so. You can also choose to have your future contributions invested in a different option to that in which your existing balance is invested.
There are two ways to change your investment option:
1. visit our home page and select Member login (the purple icon). If you do not have a password, please contact us on 1800 060 312 or you can register online by following the prompts.
or
legalsuper GPO Box 4952
Melbourne VIC 3001
or DX145 Melbourne
Important note
In the event that a switch or a partial withdrawal occurs, an interim crediting rate will be applied to the account. At the end of the financial year, or at the time of account closure whichever occurs first, the portion of the account that did not switch investment options will receive the final crediting rate for that period
