Specialists in GESB Financial Advice
GESB super funds can have powerful tax and wealth accumulation benefits if used correctly and by a team with experience in working in the GESB advice space. Empire can provide you with a tailored financial plan with recommendations about how to best use your GESB super.
Empire Financial Group are in the unique position of having had our in-house GESB capabilities created by engaging the services of a former GESB (Government Employees Superannuation Board) adviser at executive advice level, while at board level collaborating with a former GESB senior manager and acting CEO.
“As school teachers, we both had GESB accounts and had been to lots of seminars over the years. The advisers at Empire helped make sense of it all and fit it into our situation, and we’ve been very impressed with their knowledge of how to make GESB work for us and the service they provide.”
John and Lynn Duzevich, Dardanup
GESB West State Super
If you were a WA public sector employee prior to April 2007, you may have a West State Super account. There are a number of benefits on these accounts including before-tax contributions not counting towards your annual concessional contributions (instead there is a lifetime cap) and tax not deducted when contributions enter the account, rather on exit.
You may be able to increase tax deductions to offset paid employment, self employment, distributions from trusts or company dividends, or offset capital gains tax.
GESB Gold State Super
If you were a WA public sector employee prior to 1995, you may have a Gold State Super account. Benefits of Gold State Super include not paying tax until the benefit is paid or rolled over to you and certainty of the value of your benefit as the account is not impacted by market performance.
GESB for Medical Staff
Whether you are currently working in the public system or you started out in public before moving to private practice, you may be in a fortunate position to take advantage of the powerful benefits GESB has to offer.