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Hi everyone, my name is Brad Zaknich 
GESB, and I'd like to thank you very much

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for logging onto today's recorded webinar,
so it's not a live one today,

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it's recorded and it's about investing
in super 101. So we're gonna go through

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the ideas of investing through 
superannuation compared to investing

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in other formats. So, for those who
haven't used webinars before, very simple

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technology, sit back and relax. Some of 
the normal interactive opportunities we

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have with webinars has been turned off
for today's session, obviously things like

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typing in questions and clicking send, 
you can't do that today because there's

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no-one to reply to them. So what we'll do 
is get through some of the housekeeping.

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What we're showing you here is what you
already would have received, well, in fact

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what you're going to be receiving, is a 
webinar survey follow-up email, we do

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still love to get feedback, even with 
recorded webinars, so if you wouldn't mind

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setting a few moments it takes to complete
that, that'd be greatly appreciated.

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The webinar, like I said, is being 
recorded, and you'll be able to sit back,

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watch it at your own leisure. You can move
forward, you can go back in the slides,

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and you can watch it as many times as you
like, and from my understanding, this

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webinar will be staying live on the GESB 
website, so probably around the end of

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the financial year, at which point we'll
most likely get a new presentation up.

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Now, I'd first love to show my respect
and acknowledge the traditional custodians

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of this land, of Elders past, present and
emerging, on which this event takes place.

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And then you've got the all-important 
disclaimer. When talking about

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superannuation, investing, money, finance,
it's important that you understand that

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we're not giving you personalised
financial advice today. My job today it to

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provide you with information, explain 
things, explain how things work.

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It's not to get you to make a decision
based on what I'm saying. So if you do

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need personalised financial advice, 
you'll need to go elsewhere to get that,

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as GESB only provides you general advice.
Now in today's session there is a lot to

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get through, some of which might be
concepts that you're familiar with,

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and some maybe not. So in this session 
we're gonna talk about the basics of

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investing, and we're gonna talk about 
things like income tax, and how that

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impacts investing, budgeting, where to use
your money, borrowing, and debt.

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Also going to talk about with investment
concepts, the idea of compounding

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interest, the value of superannuation, 
understanding the different asset classes

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that exist within super, and what 
investment options are available.

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Now hopefully you all know who GESB is,
I work for GESB, GESB is a state

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government department, and it just stands
for Government Employee Superannuation

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Board. Now we've been around for over
85 years, we've grown over $42 billion

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in funds under management as of 31st 
December 2024, and GESB, being a

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government department, we're a
not-for-profit organisation.

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So the only fees we collect from you, 
through your super, through your ??

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are to run the fund, we are 
not-for-profit. And our returns are

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competitive and long-term.

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In regards to GESB's product structure,
people often get a little confused,

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but it's quite simple. GESB at the top
of the tree there stands for Government

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Employee Superannuation Board. Below that
are the different schemes that we

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administer. Now we're got some old 
legacy schemes like the Pension scheme

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and the Gold State Super scheme,
we're not going to be talking about

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those at all today, okay, they don't sit
within the ??? of today's presentation.

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We're predominantly going to be talking
about superannuation, that are in the

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accumulation phase, and are accumulation
accounts, so West State Super, GESB Super,

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and some of the other invest, general
super funds that work in a similar fashion.

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When we speak about stuff that is general,
superannuation, I'll make that very

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well-known. When we're talking about 
anything that might be GESB specific,

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I'll also make that well-known. What we're
not going to talk about in great detail

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today, or if at all, are the allocated 
pensions. They are the retired products

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that most people use to draw down their
retirement savings.

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Well let's quickly talk about West State
and GESB Super because there are some

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differences between the two of them, 
and you need to be aware. So, West State

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Super was the default super fund for 
WA State Public Servants who commenced

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working for the government prior to 
15 April 2007. The reason that is

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important is that after April 2007, new
employees to the public sector might have

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had a GESB Super account open, or perhaps
some other super fund, Australian Super,

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Hostplus, something like that. The reason
it's important to know, is that most

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Australian funds like GESB Super, and most
other funds, are considered to be taxed

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super scheme. Why is this important?
The government allows super contributions

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to be contributed at a lower rate of tax
than your normal pay. We need to remember

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that super comes under the tax regime, 
and GESB super,