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

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

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

the ideas of investing through 
superannuation compared to investing

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

government department, and it just stands
for Government Employee Superannuation

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

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

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

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

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

competitive and long-term.

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

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

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

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

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

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

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

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

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

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

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

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

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

that most people use to draw down their
retirement savings.

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

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

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

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

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

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

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

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

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

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

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