Frequently Asked Questions

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  • How much is my Gold State Super worth?

    There is a defined formula.

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    The defined formula is:

    (Completed months of service / 12 ) x 20% x (Average Contribution Rate / 5 ) x Final Remuneration

    This defined formula is further explained in our Gold State Super essentials brochure.

    What is a defined benefit scheme? Find out in the jargon buster.

  • What is an untaxed scheme, and what does it mean for me?

    Gold State Super, West State Super and the WA Public Sector Pension Scheme are 'untaxed' schemes.

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    Gold State Super, West State Super and the WA Public Sector Pension Scheme are 'untaxed' schemes.

    In the case of an 'untaxed' fund, rather than paying tax upfront, tax is charged when a benefit is paid or is rolled over to a taxed scheme. Most super funds are 'taxed' funds except for a few public sector funds, which are 'untaxed'.

    What does this mean if I have a Gold State Super account or if I'm a member of the WA Public Sector Pension Scheme?

    If you have a Gold State Super or WA Public Sector Pension Scheme account it means that the Commonwealth government does not tax your benefit until it is paid to you or rolled over into a taxed fund.

    What does this mean if I have a West State Super account?

    If you have a West State Super account, neither the contributions made into your account nor your investment earnings are taxed until it is paid to you or rolled over into a taxed fund.

    Your member statement

    The Total Benefit amount on your member statement is before tax. Your final benefit will be reduced by the tax payable on this amount.

  • What are member contributions?

    If you have a Gold State Super account then you should be aware that you must make regular contributions to the scheme from your pay.

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     If you have a Gold State Super account then you should be aware that you must make regular contributions to the scheme from your pay.

    You can make contributions into Gold State Super of 3%, 4%, 5%, 6% or 7% of your wage or salary, however, your Average Contribution Rate cannot exceed 5%. For example: if you have been contributing at 5% since you first joined Gold State Super, then your Average Contribution Rate will be 5% and you cannot choose to contribute any more.

    You can only contribute more than 5% to 'catch up' on a time when you were contributing at a lower rate of 3% or 4%.

    For more information, please download Gold State Super essentials brochure.

    What's an Average Contribution Rate? Find out by visiting the jargon buster.

  • How much do I need to contribute?

    You can make contributions into Gold State Super of 3%, 4%, 5%, 6% or 7% of your wage or salary, however, your Average Contribution Rate cannot exceed 5%.

  • What happens to my super if something happens to me?

     See the 'Insurance and your super' fact sheet for Gold State Super members for details.

  • What insurance cover do I get with Gold State Super?

     See the 'Insurance and your super' fact sheet for Gold State Super members for details.

  • How much does the insurance cost?

     See the 'Insurance and your super' fact sheet for Gold State Super members for details.

  • What fees do I pay on my Gold State Super account?

     There are no charges deducted from your account for administration, insurance or other running expenses.

    Download the Gold State Super essentials brochure for more information.


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