Members of BUSSQ can take advantage of financial planning advice, ranging from straightforward advice at no extra cost*, to more complex financial planning advice that is competitively priced on a fee-for-service basis.
Our fees for financial planning advice are low and are structured purely for cost recovery plus, they can be deducted from your superannuation account, so you won’t be out of pocket.
BUSSQ offers members limited personal advice about their industry super fund at no extra cost.*
This type of straightforward advice includes:
- Choosing insurance
- Choosing investments options; and
- Superannuation contributions including salary sacrifice.
BUSSQ also offers members more complex financial advice about their superannuation on a fee-for-service basis, with no charge for the initial meeting.
The type of financial planning advice covered by these fees include:
- 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.
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.*
Our financial advice fees are low intentionally
We are required by law to charge members a fee for delivering complex financial advice. So we’ve structured our fees to be low and purely for cost recovery.
To understand how the fees for our financial advice might affect you if you were to seek financial planning advice through BUSSQ, check out our Case Studies.
Affordable financial advice on more than just superannuation
We can also arrange financial advice on matters other than superannuation, such as shares, investments, setting up trusts and business and complex insurance arrangements, e.g. trauma cover.
As this advice is outside of superannuation, you are not able to deduct the fees from your super fund account. However, the fees we can negotiate for you are competitive and you will not be charged commissions - unlike those being charged by some banks and financial planners.
For information on our financial planning advice services, call us on 1800 MY BUSSQ (1800 692 877) to speak to a Financial Planner or to make an appointment.
*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. Non BUSSQ members who receive advice will need to be billed for the advice separately. ^The rate of $150 per hour includes GST.