company logo

GESB Super

Past 5-year return
6.80%
Admin fee
$66
Calculated Fees on 50k
$516
Compare
Flexible, defined sum insurance options.
Worksite inductions and member education workshops.
Free employer, retirement and superannuation seminars.
GESB Super is the largest Western Australian based superannuation provider, administering the super and retirement savings of current and former WA public sector employees. The fund offers a range of 9 investment options to choose from, providing members with access to 4 'Readymade Plan' options and 5 'Mix Your Plan' options. The default My GESB Super Plan option has underperformed the SuperRatings Index over the short term; however, outperformed over the 10 year period to 30 June 2018. Fees are competitive and lower than the industry average across all account balances assessed. No fees are charged for switching investments; however, an exit fee applies to partial and full withdrawals. A full suite of insurance cover is offered, with Death, Total & Permanent Disablement (TPD) and Income Protection (IP) insurance cover automatically provided to eligible members upon joining the fund. IP with a benefit period of 2 years, covering up to 85% of salary, is available following a 30, 60, 90, 120 or 180 day waiting period. Eligible members have the ability to increase their IP cover within the first 90 days of membership without having to provide any medical evidence.GESB Super provides members with access to a range of online fact sheets, calculators, educational videos and live Webinars. The fund's Member Online site further allows members to view and update account details, as well as perform transactions.
Advertisement
Advertisement

Fees & fund features

Admin fee
Admin fee
$66
Administration fee (%)
Administration fee (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.70%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$66
Administration fee (%)
Administration fee (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.70%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
1 - 2 of 2
Product
Past 5-year return
Admin fee
Calculated Fees on 50k
Company
Features
SuperRatings awards
Go To Site
Compare

More details

Compare

More details

FAQs

Superannuation is paid by employers to employees. Employers are required to pay superannuation to all their staff if the staff are:

  • Over 18 and earn more than $450 before tax in a calendar month
  • Under 18, work more than 30 hours per week and earn more than $450 before tax in a calendar month

This applies even if the staff are casual employees, part-time employees, contractors (provided the contract is mainly for their labour) or temporary residents.

Currently, the superannuation rate is currently 9.5 per cent of an employee’s ordinary time earnings. This is scheduled to rise to 10.0 per cent in 2021-22, 10.5 per cent in 2022-23, 11.0 per cent in 2023-24, 11.5 per cent in 2024-25 and 12.0 per cent in 2025-26.

Employers must pay superannuation at least four times per year. The due dates are 28 January, 28 April, 28 July and 28 October.

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on