Simple Advice is an over-the-phone service where you can talk to one of our experienced consultants, who know and understand our unique schemes. Simple Advice is not financial planning advice.
Simple Advice on investment plans
Simple Advice can help you to understand what investing in super is all about. We can guide you on what investment choices you could make, taking into account how long you want to invest for, and what your overall retirement goal is. The key things we will cover are:
How investing in super works
Explain that your investment timeframe is based on your age, when you plan to retire and when you can access your super
Understand your thoughts on risk and return, so we can provide options for the investment plan that would suit you
Providing you with a 'Letter of Recommendation' based on your investment profile
Looking at your current investment plan, and comparing it against the plan we recommend for you
You don't need to know a lot about investing to benefit from Simple Advice. Our consultants can help guide you irrespective of your level of understanding.
Simple Advice on contributing to super
For most people, relying on your employer's 9.5% Superannuation Guarantee (SG) contributions alone, won't be enough for you to retire on. Adding extra contributions to your super now, could help you close the gap you may face in your retirement savings. Simple Advice can help you work out the options available to you for contributing more to your super, so you are able to live the lifestyle you want when you retire. Simple Advice will cover the following topics:
Salary sacrificing - how it works, the benefits, the tax savings and the best approach for your own situation
After tax contributions - what they are, how to make them and the benefits of before vs after tax contributions
How much do you need when you retire? - with the assistance of our How much do I need calculator, our consultant can show you what you actually need to contribute, to meet your personal retirement goals
How much does it cost?
A fee of $3621 is charged for the Simple Advice service and can be paid in one of the following ways:
Authorise us to deduct the fee directly from your GESB Super, West State Super or retirement income account or
Pay the fee by credit with MasterCard of Visa, or debit card
To help us provide you with Simple Advice, we'll ask you for some information.
For example, to make recommendations about extra contributions, we'll need to know your gross salary, other assessable income (such as from shares or property investments), how long you want to invest for and your retirement goals. To get the most out of this service, please have access to a computer if possible, while you are on the phone with us.
To get Simple Advice now: call your Member Services Centre on 13 43 72.
Before your session begins, our Member Services Centre consultants will always discuss your aim, to make sure the service is appropriate for you.
1 This fee is subject to annual indexation, which will be applied on 1 July each year.
Simple solutions for your super
Simple Advice is not for everyone, and you may be happy just browsing our website to gather your own information. You also have the option of attending one of our seminars or webinars, or meeting face-to-face with one of our Retirement Options Service consultants. Contact your Member Services Centre on 13 43 72 to find out more.