West State Super is a super scheme that was available to WA public sector employees prior to April 2007. This fund is now closed to new members.
West State Super is an accumulation scheme linked to investment markets, similar to most other super schemes.
West State Super offers a number of features:
Value for money - below-median1 fees, sound long-term investment returns and efficient investment costs
Untaxed scheme - no tax is deducted on contributions when they enter your West State Super account, and no tax is paid on investment earnings when they accrue. Instead, tax is deferred until your benefit is paid to you or rolled over to a taxed fund. For more details about the differences between the tax treatment of untaxed and taxed funds please read the unique features of West State Super
Before-tax contributions do not count towards your annual concessional contribution cap. Your West State Super account allows you to accumulate an untaxed benefit of up to $1.4152 million and still be concessionally taxed
Flexibility to select the type of assets your super is invested in through your choice of investment plan
Automatic insurance cover available for eligible members for Death, Total and Permanent Disablement and Salary Continuance Insurance
Convenient access to your account through Member Online, or your Member Services Centre
1 SuperRatings Smart database as at 31 March 2016 2 For the 2016/17 financial year, indexed annually for future years. The untaxed plan cap applies for each untaxed scheme the person is a member of.
Do you insure the most important asset you have - your income?
GESB offers three types of insurance that eligible members automatically receive. You can also tailor the level of your insurance to make sure you're covered in case you are no longer able to work. Give yourself peace of mind and make sure your insurance cover is right for your circumstances.