Choosing your investment plan

When you join us you have the option to choose a specific investment plan. If you don’t choose an investment option, you are placed in what is called the default option. That’s My GESB Super plan if you’re a GESB Super member and My West State Super plan if you’re a West State Super member.

You can change your investment plan at any time

If you’re looking for the right investment mix to suit your situation, ask yourself:

  • How much risk do I feel comfortable taking?
  • What type of return am I seeking for my money?
  • How long will I be investing for?

The answers to these questions will help guide you in choosing the right investment option or mix of options for your super savings.

Your age is an important factor in choosing a plan

Finding the right investment mix for you will depend on your investment timeframe, or how long you expect your money to remain invested.

Higher risks tend to attract higher returns

If you have decades before you’ll need to access your super, you might not be concerned with the short-term ups and downs of higher risk options such as Shares. Over the long term, short-term fluctuations tend to be outweighed by the higher returns from these higher risk types of assets.

If you’ll need to access your money sooner, you might prefer assets that are considered lower risk, even though this could result in lower returns over the medium to long term. You can also include higher risk and return investments as part of your investment plan if you prefer.

Always consider seeking professional advice before making a decision about your financial future.

Discover your risk profile

Try our investment personality quiz to get a better idea of whether you should choose a higher risk, or 'Growth' plan, or a lower risk, 'Conservative' plan.

You can see what investment plan you are currently in by checking on your Member Statement or your Member Online account.

What kind of investor are you?

The following case studies might be helpful in choosing an investment plan.

Please note, these case studies are provided for illustrative purposes only, and are not recommendations. You should consider seeking professional advice for your circumstances before making a decision. There is no guarantee that any particular investment plan will perform in a particular way.

Jackie: Growth investment plan

Jackie is a West State Super member who has been working full-time for two years. She has a small amount in her super account and wants to maximise the earning potential of her super so chooses the Growth investment plan.

Jackie knows that even though the volatility of growth assets might result in her super balance going down for periods of time, she’s prepared to accept this risk in return for a higher probability of increased growth over the long term.

Tom: Balanced investment plan

Tom is a GESB Super member and recently retired. After meeting with a financial planner, he’s comfortable with the value of his super and other investments to support him and his wife through retirement.

Tom is not concerned with outperforming the share market and would rather take on a lower risk of negative returns for his super. He chooses the Balanced plan and will monitor investment markets, along with his expenses, in case he needs to change strategy.

Courtney: My GESB Super investment plan

Courtney is a GESB Super member who recently accepted a new job and a pay-rise.

She now has a long-term plan to pay off her mortgage and make extra contributions to her super through salary sacrifice. Courtney is a naturally conservative person but she knows it’s important to diversify her investments. That’s why she has chosen the My GESB Super plan.

Jason: Mix Your plan

Jason is a West State Super member in his fifties who owns Shares and an investment property. He loves to keep an eye on investment markets and feels he would benefit from deciding on his own asset allocation for his super. Jason chooses the Mix Your plan option and allocates 60% of his super to International Shares, since all of his other Share investments outside of his super are in Australian companies. He invests the rest in Property and Fixed Interest assets.

How to change your investment plan

If you have a GESB Super or West State Super account, simply login to Member Online or download and complete an investment choice form.

Find out more

Page last updated 20 June 2017