West State Super

West State Super is an untaxed super scheme with a range of investment plans and fees below the industry median1. West State Super was available to you if you were a public sector employee before April 2007. Only WA public sector employers can make employer contributions to your West State Super account. If you decide to close your account for any reason, you will not be able to re-join2.

Closed to new members

West State Super is only available to current and former WA public sector employees who already have a West State Super account, with one exception3.

Your insurance

If you’re eligible, your West State Super account includes automatic Death and Total & Permanent Disablement and Salary Continuance Insurance. You can even adjust your insurance to better suit your needs.

Investment plan

Choose the type of assets your super is invested in through your investment plan or stay with our default My West State Super plan.

Use Member Online to manage your West State Super account.

Login or register now

We’re here to help. Call us on 13 43 72 if you have any questions about your super.

  • Overview

    If you started working in the WA public sector before 16 April 2007, you would have automatically become a member of West State Super, which was the default scheme until that date. Since then, West State Super has been closed to new members.

    West State Super is a market-linked, untaxed accumulation super scheme. Here’s a breakdown of what that means:

    • Market linked - we invest your super into a range of financial assets such as Shares and Bonds. The balance of your super depends on the performance of these assets, along with any contributions, withdrawals or deductions from your account.
    • Untaxed - unlike most other Australian super funds, West State Super does not pay income tax on any contributions or on investment earnings that your super account receives while it accumulates. You will only be taxed when you access the money in your account. Untaxed does not mean ‘no tax’, so it can be useful to think of it as deferred tax.
    • Accumulation - your account balance grows over time with a combination of:
      • Your WA public sector employer contributions
      • Your own contributions
      • Any super that you roll in from other funds
      • Any investment earnings (positive or negative) on these contributions based on your chosen investment plan

    Unlike taxed funds, when you make before-tax contributions (such as salary sacrifice), these won’t count towards your annual concessional contributions cap. Your West State Super account allows you to accumulate an untaxed benefit of up to $1.445 million4 and still be concessionally taxed.

    Make the most of our tools, services and expertise

    If you'd like to learn more and make informed decisions about how to manage your super and retirement savings, we can help. As a GESB member, you have access to:

    We're the largest WA-based super provider with over $25 billion in funds under management (as at 31 August 2017) for current and former WA public sector employees. We’ve been supporting members for over 75 years, offering super and retirement products, access to insurance as well as financial information and educational resources.

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.
    4 For the 2017/18 financial year, indexed annually in line with Average Weekly Ordinary Time Earnings, in increments of $5,000 rounded down. The untaxed plan cap applies for each untaxed scheme you are a member of.

  • West State Super unique features

    Your West State Super account is known as a market linked accumulation scheme. This makes it similar to most other super funds, including GESB Super. However, one of the things that make it unique is that it’s an untaxed scheme.

    It’s important that you know about the tax considerations that apply to your West State Super account. Here are some more details and information about the features of this scheme.

    It’s an untaxed scheme

    Untaxed does not mean ‘no tax’, so it can be useful to think of it as deferred tax.

    In a taxed fund, a 15% tax is applied to employer and salary-sacrifice contributions, and a tax of up to 15% applies to investment earnings.  In an untaxed fund, such as West State Super, these contributions and earnings are taxed at 15% when the benefit is paid to the member or transferred to a taxed fund.

    Learn more about the tax components for West State Super.

    Your investment earnings are reported before tax

    Having your super invested in an untaxed scheme means that you earn pre-tax investment returns on the full amount of your contributions over the life of your super account.

    Most other super funds pay tax and report the returns after investment expenses and tax are taken out. Your West State Super account is different, as your returns are reported after only the investment expenses have been taken out - tax has not been paid yet. This makes it hard to compare the reported investment returns of your West State Super account with most other super funds.

    Contribution caps are different compared to taxed funds

    With most super funds, concessional (before-tax) contributions made through an employer or by salary sacrifice count towards an annual cap. Any contributions made in excess of this cap are taxable at the member’s marginal tax rate.

    Concessional contributions to West State Super and Gold State Super are not capped, but they count towards your cap when making these contributions to a taxed scheme. For example, if you made $50,000 concessional contributions to West State Super (including your employer contributions) you would not be able to make any further concessional contributions to a taxed scheme. An untaxed plan cap of $1.445 million4 per super fund applies to the untaxed benefit in West State Super. For more details on your West State Super's untaxed plan cap, see the Tax and super brochure.

    Learn more about your West State Super’s untaxed plan cap.

    Any tax advantages of West State Super depend on the type of contributions and other factors

    Your West State Super account may result in financial advantage for your concessional (before-tax) contributions when compared to a taxed fund. This means you may receive a higher benefit over time from your employer or salary sacrifice contributions.

    On the other hand, the tax arrangements for this type of scheme may result in tax disadvantages for your non-concessional (after-tax) contributions when compared to a taxed fund.

    The overall impact on your final benefit will depend on a number of factors, including the type of contributions you make, how your contributions are invested and the length of time your contributions have been invested in your West State Super account.

    You can’t receive a low-income superannuation tax offset

    The low-income superannuation tax offset (LISTO) is a Commonwealth Government payment of up to $500 per financial year, calculated at 15% of the concessional (before-tax) contributions for individuals on adjusted taxable incomes of up to $37,000.

    As contributions to your West State Super account don’t get taxed, any before-tax contributions made into your account are not eligible for this government contribution.

    You might be able to access your super if you become disabled

    With your West State Super account, you might be able to access you super benefit if you become partially and permanently disabled. This option isn’t available with most other super funds.

    For more information on partial and permanent disablement benefits, please refer to page 23 of the Insurance and your super brochure.

    Additional statutory insurance may apply

    Your level of your Death and TPD benefit may be adjusted if all of the conditions below apply to you:

    • You’re a covered risk benefits member (as defined in the State Superannuation Regulations 2001 (WA))
    • You’re an eligible statutory West State Super member
    • You’re under 60 and have not opted out of your Death or TPD cover.

    We will pay a top up if your entitlement under the State Superannuation legislation exceeds the amount payable by the Insurer.

    For more information on statutory insurance, please call your Member Services Centre on 13 43 72.

    Learn more about your West State Super insurance arrangements.

    You might have a Minimum Benefit Guarantee

    Before July 2001 West State Super accounts were credited with an annual earnings rate of CPI plus 2%. From 1 July 2001, member investment choice was introduced and West State Super became a market-linked scheme.

    If your West State Super account had a balance before 1 July 2001, you have a Minimum Benefit Guarantee. This means that any future benefit will be paid at whichever amount is higher, out of:

    • Your account balance at 30 June 2001 plus subsequent contributions and investment earnings
    • Your account balance at 30 June 2001 compounded annually at CPI plus 2% less certain types of payments

    If this applies to you, you might benefit from the guarantee if you have stopped receiving employer contributions or making personal contributions to your West State Super account.

    For more information about the Minimum Benefit Guarantee, please call your Member Services Centre on 13 43 72.

    West State Super is closed to new members

    If you choose to close your account by cashing in or transferring your entire balance, you can’t re-join the scheme at a later date. If you already have a West State Super account and leave the WA public sector, we can only accept employer contributions if you return to work in the WA public sector and your account is still open.

    Find out more about West State Super

    Or for full details of West State Super, please read the West State Super Product Information Booklet.

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.
    4 For the 2017/18 financial year, indexed annually in line with Average Weekly Ordinary Time Earnings, in increments of $5,000 rounded down. The untaxed plan cap applies for each untaxed scheme you are a member of.

  • West State Super investment options

    We invest your super across a range of different asset classes to give you the best chance to grow your super. You can have your super automatically invested in the My West State Super plan - or you can choose your investment plan. This means you can:

    • Choose the asset classes your super is invested in, from Shares to Cash investments.
    • Choose how much of your super is allocated between the asset classes.
    • Change your investment plan to suit your retirement savings goals.

    Your super might be one of the biggest investments you’ll ever make. The investment plan you choose now can make a difference to the amount of income you’ll have when you retire. You might want to speak with a financial adviser before making a decision about your investment plan.

    Different assets can create different returns

    West State Super offers you the choice of a number of investment plans. These plans invest in different assets, with the returns linked to the performance of the financial markets.

    You can choose to invest in a range of different asset class allocations through our Readymade plans or create your own combination of specific asset classes with Mix Your plan.

    You can choose a Readymade plan

    There are four Readymade plans with different levels of risk and return expectations.

    West State Super Readymade investment plans

    Investment plan

    Expected risk/return profiles

    Growth plan

    High risk and return

    My West State Super plan

    Medium to high risk and medium return

    Conservative plan

    Low to medium risk and low return

    Cash plan

    Very low risk and low return

    For more details, please see investment options - West State Super.

    You can choose to Mix Your plan

    There are five Mix Your plan options which allow you to select your own mix of asset classes. Find out more about how Mix Your plan works.

    West State Super Mix Your plan

    Investment plan

    Expected risk/return profiles

    Australian Shares

    Very high risk and high return

    International Shares

    High risk and return

    Property

    Very high risk and high return

    Fixed Interest4

    Medium risk and low return

    Cash

    Very low risk and low return

    For more details, please see investment options - West State Super.

    Find out more about choosing the right investment mix for you.

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.
    4 Mix Your Plan Fixed Interest invests in Investment Grade Bonds.

  • West State Super insurance

    We offer three types of insurance with your West State Super:

    • Death
    • Total and Permanent Disablement (TPD)
    • Salary Continuance Insurance (SCI)

    If you’re eligible, you’ll automatically receive what’s known as basic cover, unless you have chosen to opt out or have cancelled your cover. The cost of this insurance is deducted directly from your West State Super account each month.

    In general terms, to be eligible for automatic cover you need to be working in the WA public sector, receiving Superannuation Guarantee (SG) contributions from your employer and be younger than 65. If you’re 65 or over, you are eligible for Death cover, until you turn 70.

    From 1 July 2010, if you are employed on a casual basis you are not eligible for automatic basic cover but you can opt in for basic cover.

    Types of insurance cover

    Insurance type

    Insurance benefit

    Basic cover

    Death

    A one-off lump-sum payment in the event of your death (and includes a terminal illness benefit)

    Basic cover of up to $200,000 depending on your age

    Total and Permanent Disablement (TPD)

    A one-off lump-sum payment if you are totally and permanently disabled and can’t work because of that condition

    Basic cover of up to $200,000 depending on your age

    Salary Continuance Insurance (SCI)

    A monthly income of up to 75% of your pre-disability income for up to two years if you become disabled due to sickness or injury. You may also be entitled to a Superannuation Top-Up Benefit

    Up to $4,200 per month determined by the number of hours per week that you work

    When you turn 46, the amount you are insured for Death and TPD will decrease each year unless you fix your cover.

    Remember to check your insurance

    It's important to review your insurance as your circumstances change over time. This means you can check that you’re only spending your retirement savings on premiums for insurance that you actually need. You might decide that you don’t need insurance, or that a reduced amount of cover would be enough. You can also apply to increase your cover to suit your needs.

    Are you eligible to join our Professional and Executive category?

    If you’re eligible for our Professional and Executive category, you might benefit by paying lower premiums for your insurance. You might be eligible if:

    • You earn at least $100,000 a year, and
    • You’re in an office-based role, and
    • You work as an executive or you are a professional with a relevant qualification or membership

    To find out whether you are eligible and how to apply, please refer to the Professional and Executive occupation category fact sheet.

    Statutory insurance

    As a West State Super member, your level of Death and TPD benefit may be adjusted if all of the conditions below apply to you:

    • You’re a covered risk benefits member (as defined in the State Superannuation Regulations 2001 (WA))
    • You’re an eligible statutory West State Super member
    • You’re under 60 and have not opted out of your Death or TPD cover

    We will pay a top up if your entitlement under the State Superannuation legislation exceeds the amount payable by the Insurer.

    Learn more about your West State Super insurance arrangements.

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.

  • West State Super fees and other costs

    We may make changes to the fees we charge

    From time to time, we might need to change the fees to make sure the structure and level of fees is appropriate, including any extra costs from any government taxes or statutory charges.

    We’ll always let you know about any changes through our website or through your member statement. If the change is an increase in fees or charges, we’ll give you at least 30 days’ notice.

    Fees are charged in different ways

    Below is a general guide to the fees and costs for your West State Super account. Other fees, such as activity fees, fees for personal advice and insurance fees, might be charged, depending on the activity, advice or insurance you choose.

    If you’d like to calculate the effect of fees and costs on your West State Super account, try our calculator.

    West State Super fees

    Type of fee or cost

    Amount

    How and when paid

    Investment fee

    Nil

    Not applicable.
    Costs incurred that relate to the investment of assets and that are not otherwise charged as an administration fee or other fee mentioned in this table are deducted from the fund assets before the daily unit price is calculated.

    The investment fee is noted as nil because it is not a separate fee, and such costs are instead included in the total Indirect Cost Ratio (ICR) shown below.

    Administration fee

    The fee for managing your account

    $66 p.a. ($5.50 per month) as an account keeping fee

    +

    0.06% p.a. of your monthly account balance

    Deducted each month from your account

    Buy-sell spread

    Nil

    Not applicable

    Switching fee

    The fee for changing your investment option

    Nil

    Not applicable

    Exit fee

    $52

    Deducted from your account for each full or partial withdrawal from your West State Super account.

    This includes when your benefit is transferred to another product or fund, spouse contribution splits, or the processing of an Australian Taxation Office (ATO) release authority.

    Advice fees

    Advice fees relating to all members investing in West State Super

    Nil

    Not applicable

    Other fees and costs4

      

    Indirect Cost Ratio (ICR)5

    The ICR includes amounts that have reduced or will reduce the return on your West State Super interest, that are paid from or reduce the amount or value of the investments in the investment plan you have chosen (including those investments held through an investment vehicle).

    These include all investment costs related to managing the investments in the investment plan you have chosen. The ICR is not charged to you as a fee, but is deducted from investment returns before earnings are applied to your account.

    Estimated to be between 0.06% p.a. and 0.73% p.a. of the value of your investment depending on which investment options you choose6

    Deducted from the fund’s asset before the daily unit price is calculated

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.
    4 For information on other fees and costs such as activity fees (Family Law) and Advice fees (Retirement Options and Simple Advice), see the ‘Additional explanation of fees and costs’ section on page 5 of the West State Super Product Information Booklet.
    5 The Indirect Cost Ratio (ICR) includes all of the investment costs and any additional underlying costs relating to your investment. It is an annual percentage fee which covers the cost of managing the fund’s investments including a proportion allocated to risk reserves. West State Super's ICR is not fixed, and is reviewed periodically and adjusted to take into account prevailing investment expenses. The actual ICR can only be determined at the end of each financial year.
    6 The Indirect Cost Ratios for West State Super's other investment plans are different. They vary depending on the asset allocation and complexity of the plan. Please refer to the fees tab for each individual investment plan.

  • West State Super and tax

    West State Super is an untaxed scheme.

    Unlike most other Australian super funds, West State Super does not pay income tax on any contributions or on investment earnings that your super account receives while it accumulates. You will only be taxed when you access the money in your account. Untaxed does not mean ‘no tax’, so it can be useful to think of it as deferred tax.

    Tax applies in different ways to different types of contributions

    Here is a guide to how tax applies to your West State Super contributions. While the Commonwealth government provides concessional tax rates to help you use your super to save for retirement, there are some limits, known as caps.

    West State Super and tax

    Contribution type

    General treatment

    Contribution caps for 2017/18 financial year

    Concessional contributions (before tax)

    • Employer contributions, such as Superannuation Guarantee (SG) and salary sacrifice

    No tax applies when the contribution is made.

    You are only taxed at the time you access your benefit including when you:

    • Withdraw your benefit at   retirement
    • Transfer your super to a   retirement income stream such as an allocated pension
    • Roll over to a taxed fund

    If your annual income and low tax contributions exceed $250,000 then you may be liable for Division 293 tax.

    Concessional contributions to West State Super and Gold State Super are not capped, but they count towards your cap when making these contributions to a taxed scheme. For example, if you made $50,000 concessional contributions to West State Super (including your employer contributions) you would not be able to make any further concessional contributions to a taxed scheme. 

    An untaxed plan cap of $1.445 million4 per super fund, which applies to the untaxed element of your benefit.

    This is the amount that can be paid as a lump sum or rolled over to a taxed fund and still be subject to concessional tax rates (concessional tax treatment) - see tax on benefits.

    Non-concessional contributions (after tax)

    • Personal contributions you don’t claim as tax deduction (i.e. from your after-tax salary)
    • Spouse contributions

    No tax applies up to your non-concessional contributions cap.

    Your non-concessional contributions cap is:

    • $100,0005 p.a. or
    • If aged under 65, you can   bring forward two years of contributions i.e. $100,000 plus $200,000, giving you a cap of $300,000 over three years6 subject to the transitional arrangements below

    If your total super balance is $1.6 million or more at the end of the previous financial year, you cannot make non-concessional contributions without exceeding the cap.

    Transitional arrangements

    If you have triggered the bring forward rule prior to 1 July 2017, your contributions cap may be subject to transitional arrangements.

    For more information, read the ATO’s change to non-concessional contributions cap fact sheet.

    If you make contributions to super over your cap then you may have to pay extra tax.

    Other contributions

    • Rollovers containing an untaxed element
    • Government co-contributions
    • No tax applies when the contribution is made.

      You are taxed at the time you withdraw your benefit or rollover to a taxed fund.

    • No tax applies.
     

    Factor tax into your retirement planning

    If you’re planning for your retirement and considering taking your super out as a lump sum or transferring it into an allocated pension, you need to be aware of the tax that applies in those scenarios. Find out more about how tax applies on benefits.

    Service periods before 1 July 1983 may impact your benefit

    If you have an eligible service period that started before 1 July 1983, this may impact how much tax is payable when you access your West State Super benefit. Find out more about pre-1 July 1983 service and tax.

    1 SuperRatings Smart database as at 31 March 2017. Based on an average balance of $50,000, GESB Super and West State Super's fees are below the industry median.
    2 This includes lost and unclaimed account transfers to the ATO.
    3 Gold State Super members who are currently employed in the WA public sector may be eligible to open a West State Super account, provided they have pre-1 July 1983 service.
    4 For the 2017/18 financial year, indexed annually in line with Average Weekly Ordinary Time Earnings, in increments of $5,000 rounded down. The untaxed plan cap applies for each untaxed scheme you are a member of.
    5 For the 2017/18 financial year, indexed annually. This cap is equal to four times the general concessional contributions cap (which is currently $25,000).
    6 Where the bring-forward rule has been triggered, the two future years' entitlements are not indexed.

  • Important documents

    Your West State Super account is unique, with a range of different features. To make the most of your retirement savings, it’s worth learning as much as you can about your super account including the tax considerations, insurance and investment plans available.

    Product Information Booklet

    West State Super Product Information Booklet

    West State Super Product Information Booklet

    Schedule of fees

    Information on our website

    Download PDF

    West State Super feesWest State Super schedule of fees

    Update your details

    Forms

    Online form through Member Online

    Download PDF printable form

    Change your details Online form  |   Help guidePrintable form  |   Form instructions
    Add or update your tax file number Online form  |   Help guidePrintable form
    Notification of retirement or resignation  Printable form

    Our performance

    Information on our website

    Download PDF

    Investment returnsAnnual Fund Update
    Unit prices

    Your investments

    Investment choice brochure

    Investment choice brochure

    Information on our website

    West State Super Readymade plans
    West State Super Mix Your plan

    Forms

    Online form through Member Online

    Download PDF printable form

    Change investment plan Online form  |   Help guidePrintable form  |   Form instructions

    Forms

    Online form through Member Online

    Download PDF printable form

    After-tax contribution Online form  |   Help guidePrintable form   |   Form instructions through payroll  |   Form instructions through cheque 
    Salary sacrifice (before tax)  Printable form   |   Form instructions
    Roll in other super Online form  |   Help guidePrintable form   |   Form instructions
    First spouse contribution  Printable form   |   Form instructions
    Additional spouse contributions  Printable form   |   Form instructions
    Contribution splitting application  Printable form

    Forms

    Online form through Member Online

    Download PDF printable form

    Apply for insurance Online form   |   Help guide Call us on 13 43 72 for a copy
    Insurance variation Online form   |   Help guide Call us on 13 43 72 for a copy
    Insurance opt in for casual employees  Printable form 
    Professional and Executive occupation category  Printable form   | Form instructions

    Forms

    Online form through Member Online

    Download PDF printable form

    Claim or vary a tax deduction 2016/17  Printable form   |   Form instructions
    Tax file number form Online form   |   Help guidePrintable form
Page last updated 05 October 2017