M

Member protection: All GESB Super and West State Super accounts that have an account balance of less than $1,000 as at 30 June each year are 'protected' from the erosion of their super by fees.  This means that the administration fees for that financial year will not exceed the investment earnings applied to your account. A member protection fee of $10 pa may be applied to accounts subject to member protection where the administration fees of the fund during a year exceed the investment income of the fund.  However, these accounts will still be impacted by insurance premiums and, where applicable, negative investment returns. An adjustment is made to your GESB Super or West State Super account on 30 June each year where member protection applies and is reflected in your 30 June member statement.

MY Plan: An investment choice which allows you to choose from one or more of the asset classes available. Instead of choosing from one of GESB's Readymade investment plans, MY Plan allows you to select your own asset allocation, and manage it yourself. If you choose MY Plan, you can also elect for auto-rebalancing.