Planning and advice options

Planning and advice options

If you’re thinking about your future and looking to get your finances in the best shape possible, we highly recommend seeing a financial planner.

Whatever your age, life-stage or level of wealth, financial advice can help you get where you want to go.

You can choose your own financial planner or you can take advantage of the service available through Industry Fund Services (IFS). If you don’t have an existing relationship with a planner, you can contact the Financial Planning Association (FPA) and access their “Find a Planner” service to locate an FPA member near you. The financial planners at IFS can advise you about the options available to SA public sector employees.

Choosing IFS means:

Your appointment can be held at Super SA (Pirie St, Adelaide)1. Video appointments are also available for members who can’t make it into the office.
Your advice fee can be deducted from your eligible Super SA account so it won’t come out of your take-home pay.

Choose between a Limited or Comprehensive Advice service

Through IFS, you have two main financial advice services. Which one you choose will depend on the complexity of your financial situation.

  • The Limited Advice service is advice about a particular issue and doesn't take into account your full financial situation. The two Limited Advice options outlined below only address a specific area or issue, and only take into account the money you hold within your Super SA fund. 

    This service provides:

    ✓ Advice on your investment choices within your super and pension accounts
    ✓ Advice on superannuation contribution strategies

    The Limited Advice service is

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    Held over the phone or a video conference

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    Takes between 30 to 60 minutes only


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    Costs between  $350 - $700

     

    The Investment Choice advice looks at the investment options within your current Super SA account and provides advice on this single issue. It will be completed in one meeting and you will receive your written Statement of Advice (SoA) with the specific recommendations soon after that meeting. There is a $350 fee for this service and this can be paid directly from your Triple S, Flexible Rollover, Select or Income Stream Product account.

    Contributions Advice looks at the best way for you to contribute additional amounts to your Super SA account. This will take two meetings due to the added complexity of this advice. It will also include investment choice advice as part of the recommendations. You will have an initial meeting with your planner where they will discuss your investment choice and contribution options.

    IFS has advised that they will undertake additional research and modelling when preparing their advice. You will have a second meeting with your planner where they will present you with your Statement of Advice and explain the strategies they have recommended. There is a $700 fee for this service and this can be paid directly from your Triple S, Select or Flexible Rollover Product account.

    Advice is provided by financial planners from Industry Fund Services.

    IFS Limited advice will not address or consider any other advice needs you may have beyond the scope of the Limited Advice service.

    To make a Limited Advice appointment with an IFS planner, please call the Super SA Advice Administration team on 1300 162 348.

  • The Comprehensive Advice service is an in depth service. It looks well beyond what you hold within your Super SA fund. This service provides a full financial plan. It focuses on determining what your financial goals are and provides advice tailored to those goals.

    The Comprehensive Advice service takes into account:


    Your financial position

    Your financial needs

     Both super and non-super matters



    This in-depth Comprehensive Advice service:



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    Is held over the phone, video or in person here at Super SA, Adelaide

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    Takes between 60 to 90 minutes for the first meeting

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    Costs only $350 for the initial appointment and then an estimate of total fees after the first appointment



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    Can take between 4 to 8 weeks to prepare





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    Includes a Statement of Advice to explain the recommendations in depth

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    Provides help in implementing recommendations

    The initial appointment fee is $350. The total cost of advice is usually between $2,500 to $3,500 depending on how complicated your financial situation is. Your IFS planner will be able to provide you with a quote for advice at the conclusion of your initial appointment.

    You may be able to pay some or all of these fees directly from your Triple S, Flexible Rollover, Select or Income Stream Product account. As your planner develops your financial strategy during the preparation phase, they may get in touch a few more times to further discuss your goals and needs.

    Over time, your financial situation and your goals and objectives may change. Whilst IFS do not provide an ongoing review program, you are welcome to meet with them at various stages of your life to review your financial plan or get a new financial plan prepared. The same costs apply to a new financial plan but you’ll find out if you’re on track to achieve your financial goals, particularly if your circumstances have changed. Importantly, you’re in control of when you receive additional advice and you only pay for the advice you need.

    To make a Comprehensive Advice appointment with an IFS planner, please call the Super SA Advice Administration team on 1300 162 348.

  • If you’re trying to work out which advice service you need, have a look at the information below.



    If you want to talk about factual product information that doesn’t take into account your objectives, financial situation and/or needs

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X



    If you want to discuss personal financial advice that considers your objectives, financial situation and needs

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    2



    If you only want advice on either investment choices or super contributions within your Super SA account

    General Advice
    Limited Advice
    Comprehensive Advice

    X

     X



    If you want advice on multiple financial strategies

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X



    If you’re seeking an in-depth analysis of your goals and advice on how to achieve the financial aspects of these goals

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X



    If you’re after retirement funding analysis

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X



    If you’re in need of analysis of your insurance needs

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X



    If you need advice on the consolidation of your super funds

    General Advice
    Limited Advice
    Comprehensive Advice

    X

    X

Ready to seek advice?

If you would like to learn more about financial planning, or to make an appointment with an IFS planner, please call the Super SA Advice Administration team on 1300 162 348.

1 For comprehensive advice appointments

2 Only in relation to the specific topic


The information shown on this website is general information only. We haven’t considered your needs or objectives when providing the information. You should assess your own financial situation and needs and read the relevant Product Disclosure Statement before deciding about products on this website.

Super SA has engaged Industry Fund Services (IFS) (ABN 54 007 016 195 AFSL No. 232514) to facilitate the provision of limited scope and comprehensive financial advice to members of the superannuation schemes administered by Super SA. Advice is provided by financial planners who are Representatives of IFS. Fees may apply. Further information about the services can be found in the relevant IFS Financial Services Guide, a copy of which is available from your IFS financial planner or by calling Super SA on 1300 162 348. IFS is responsible for any advice given by its Representatives. Super SA does not recommend, endorse or accept responsibility for products or services or products provided or recommended by third-party organisations, including IFS. Super SA does not accept liability for any loss or damage caused by the products and services or products provided or recommended by IFS.

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