How to change investment plans

Once you’ve decided which investment plan suits your needs, it’s easy to change your investment plan. Simply follow the instructions on this page to complete the form.

If you have a GESB Super or West State Super and would like to change investment plan using Member Online, please see the Member Online help guide for step-by-step instructions.

Action summary

  • Time it takes
    Around 10 minutes to complete the form
  • Hardest thing
    Deciding which investment plan is right for you
  • Cost
    No cost for changing your investment plan
  • Result
    Your super will be invested in a plan to suit your needs and investment personality

What you’ll need

  • Printed form to complete for your super account

Need help

  • Consider using our Simple Advice service to work out the best plan for you
  • Call us on 13 43 72

1. Learn about our investment plans

You don’t need to know a lot about investing to understand the different plans available. Read about the investment plans before making a decision:

2. Download the form

If you have a GESB Super or West State Super and would like to change investment plan using Member Online, please see the Member Online help guide for step-by-step instructions. Login to Member Online.

Otherwise, download and print the form you need for your type of account:

You can’t type directly into the form so you’ll need to complete it by hand. You might like to print the form then return to this page for help to complete the form.

3. Provide your personal details

Investment choice section 1 personal details including member number, name and contact details

These details include your member number, name, date of birth and contact details. If you have a Retirement Income Allocated Pension or Term Allocated Pension account, you’ll also need to provide the account number to change your plan for that account.

Investment choice form Retirement Income Allocated Pension account number

4. Choose your new investment plan

GESB Super and West State Super

Investment choice choose your plan Readymade plan options

If you’re a GESB Super or West State Super member, tick box A if you want a Readymade plan, and then simply tick the box behind the plan of your choice.

You can then skip to the end of the form where you sign the declaration.

If you prefer the Mix Your plan option, tick box B and write a percentage in the box behind the assets you want to invest in.

Investment choice choose your plan Mix Your plan options

You need to choose the percentages in multiples of 5%, adding to a total of 100%.

On the next page, you can choose to adjust your mix to your chosen percentage quarterly, twice a year or once a year. This adjustment means we’ll update your plan to make sure the percentage you choose in each asset class remains the same over time.

If you don’t choose any of these options, you’ll need to monitor your own investments over time to make sure the investment mix still meets your needs.

Investment choice rebalance option

Retirement Income Allocated Pension and Retirement Income Term Allocated Pension

Investment choice Retirement Income Allocated Pension choose one Readymade plan

For Retirement Income members, if you would like all of your money invested in one Readymade plan, tick box A and write the name of the plan in the box below it.

You can then skip to the end of the form where you sign the declaration.

If you would like to invest in the Cash plan and one other Readymade plan, then tick box B.

Investment choice Retirement Income Allocated Pension choose two Readymade plans

You’ll need to specify what percentage of your account balance you would like to invest in the Cash plan. You’ll also need to write the name of the other Readymade plan you want to invest in in the box below it.

You need to choose to either pay your pension as a percentage of the listed investment plans, or choose the order you want to pay it in.

For example, if you want to invest 50% of your balance in the Cash plan and 50% in the Growth plan, but you want your pension payments to be made mostly from your Cash plan, then you enter 80% in the box behind ‘Cash’ and 20% in the box behind ‘Other investment plan’.

Or you can choose the order you want to pay your pension in by entering a 1 and 2 in the boxes on the far right.

For example, if you enter ‘1’ behind the Cash plan percentage, then 100%of your pension payment will come out of your Cash plan until you have no funds left in this plan.  The pension payments will then be paid from your remaining plan.

You can then skip to the end of the form where you sign the declaration.

On the next page, you can choose to invest in the Mix Your plan options. If you prefer to Mix Your plan instead of choosing a Readymade option, tick box C and write a percentage in the box behind the assets you want to invest in.

Investment choice Retirement Income Allocated Pension Mix Your Plan options

You have to choose the percentages in multiples of 5% with the total adding up to 100%.

AND you need to choose to pay your pension from the selection of investment plans (ensure the total equals 100%) or pay your pension from the plans by selecting an order (i.e. 1, 2, etc).

If you have a Retirement Income account and you choose either investment option B or C, your payments will be made in the percentage or order you choose until there’s no money left in one of your chosen plans. Then the payment will be made from your other plan or plans.

It’s always worth checking how your investments are tracking in Member Online. You can complete another form at any stage to adjust your investment mix.

5. Read and sign the declaration

To finish completing the form, you need to acknowledge that you’ve read the relevant information and that your chosen investment option is your choice and not a choice made by us.

Investment choice declaration

You also need to understand that once you submit this form, your request can’t be reversed. If you change your mind, you can make another investment choice but only once the first change has been completed.

When you sign the declaration, the process is almost complete.

6. Send the form to us

Now that you’ve completed and signed your investment choice form, simply post it to us at:

GESB
PO Box J 755
Perth WA 6842

You can also email the form to:

memberservices@gesb.com.au

Please allow up to six business days for Australia Post to deliver regular mail. Once we have received your form, we may take up to five days to process your request, We’ll send you a confirmation letter once the change has been finalised.

Page last updated 28 June 2017