Straightforward financial planning advice
Straightforward financial advice is offered to members at no extra cost. This type of advice covers items such as:
- Choosing insurance
- Choosing investments options; and
- Superannuation contributions including salary sacrifice.
This financial advice is primarily offered over the phone.
Complex financial planning advice
BUSSQ also offers members more complex financial advice about their superannuation on a fee-for-service basis, with no charge for the initial meeting.
Retirement planning and pensions, including ways to improve the Centrelink Age Pension.
Transition to Retirement pensions (TTR) and other associated benefits.
Advice on how to rollover super from various super fund accounts into one in order to save.
Periodic reviews and implementation of complex advice provided.
The type of financial planning advice covered by these fees include:
What's more, you don’t have to be a BUSSQ industry super fund member to access this financial advice - we can offer this advice to everyone, including your family and friends.
When you book an appointment for complex financial advice, the first consultation will not be charged, as this will be a general advice session. In this session they will find out more about your personal situation, determine your financial advice needs and ensure you can improve your financial position.
We will then provide you with costs for the complex financial advice; once these have been agreed to we can arrange the next step.
Once you have received the complex financial advice - including a written Statement of Advice (SOA – a document that outlines all the recommendations) - the agreed cost can be deducted from your BUSSQ super or Pension fund account.
Cost of Complex advice
Our fee for complex advice is charged at $150^per hour.
It is expected that most complex financial advice will cost between $300^ and $750^, depending on the complexity and time required by the financial planners.
This is a very competitive rate. We’re confident that by spending a small amount today to get your super on track, you’ll see a lifetime of difference.
To see how the fees for financial planning advice may apply to you see Financial Advice case studies.
To speak to a Financial Planner or to make an appointment for financial planning advice, call us on 1800 MY BUSSQ (1800 692 877).
Our fees for financial planning advice are low intentionally
We are an industry super fund regulated by APRA, and are therefore required by law to charge our super fund members a fee for delivering complex financial planning advice. However, we’ve worked hard to ensure our fees for financial advice planning services are low and structured purely for cost recovery, to make sure you can still access the financial advice you need to get your superannuation sorted. Better still, these fees can be deducted from your super fund account, so you won’t be out of pocket.
*BUSSQ offers members personal limited financial advice about their super including: choosing insurance, choosing investments and contributions, at no extra cost as it is included in the fund’s administration fees. This advice is offered over the phone. BUSSQ also offers members and non-members more complex financial advice on a fee for service basis. This advice can be done in person or over the phone. Our fee for complex advice is very competitively priced at $150 per hour which includes GST. The cost is very low and structured purely for cost recovery. It is expected that most complex advice will cost between $300 and $750, depending on the complexity and time required by the financial planners. Non BUSSQ members who receive advice will need to be billed for the advice separately.