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	BT Business Super		BT Lifetime Super – Employer Plan
Availability	Employers who contribute at least $2,500 pa; and Have 2 or more permanent staff; and Administer the plan using BT Online Employer		Have 2 or more staff Employees have minimum balance of $10,000 each Administer the plan using BT Online Employer
Fees
Contribution fee	NA		0% - 5% - contributions 0% - 1% - transfers
Administration fee	Account balance: First $10,000 1.25%pa Next $20,000 1.00%pa Next $100,000 0.75%pa Balance 0.25%pa		Plan balance: First $250,000 1.35%pa Next $750,000 1.00%pa Next $4m 0.60%pa Next $5m 0.45%pa Balance over $10m 0.30%pa Lower scales and fixed administration fees may apply of up to 1.35%pa in some cases.
Member fee	$4.33 per month (CPI indexed)
Withdrawal fee	Nil		Nil
Management costs	0.49% - 1.20% - issuer fee 0.00% – 0.10% - expense recoveries		0.35% - 1.20% - issuer fee 0.00% - 0.24% - expense recoveries
Investment options
BT Multi-manager	4		7
BT funds	4		11
Westpac funds	9		1
Partner funds	6		6
External funds	11		20
Total investment options	34		45
Default options	A – Westpac Balanced Growth		A – BT Multi-manager Balanced
	B – Westpac Dynamic Growth		B – BT Multi-manager Growth
	C – Westpac Moderate Growth		C – BT Multi-manager Conservative
	D – BT Active Balanced		D - BT Future Goals
			E - BT Balanced Returns
			F - Westpac Balanced
			G - BT Conservative Outlook
Insurance cover
Death Only	No pre-determined limit Subject to insurer approval		No pre-determined limit Subject to insurer approval
Total and Permanent Disablement (cover cannot be higher than death cover)	Members Up to $2.5 million Spouse members Non working spouse members – up to $1 million Employed or self-employed spouse members – up to $2.5 million		Members Aged less than 65 - up to $2.5 million Aged 65 and over - up to $1 million Spouse members Non-working spouse members aged less than 65 - up to $1 million Employed or self-employed spouse members aged less than 65 – up to $2.5 million Employed or self-employed spouse members aged 65 and over – up to $1 million
Salary continuance insurance	Up to 75% of pre-disability salary or $15,000 a month, whichever is least		Up to 75% of pre-disability salary or $20,000 a month, whichever is least
Automatic acceptance limits	Death and TPD	Salary continuance insurance	Death and TPD	Salary continuance insurance
1-4 employees	Nil	Nil	Nil	Nil
5-9 employees	Up to 2 units (each unit at $1 per week) subject to maximum of $250,000	Up to $3,000 per month	Up to 2 units (each unit $1 per week) subject to maximum of $250,000	Up to $3,000 per month
10-19 employees	Up to $300,000	Up to $4,000 per month	Up to $300,000	Up to $4,000 per month
20-49 employees	Up to $400,000	Up to $5,000 per month	Up to $400,000	Up to $5,000 per month
50-99 employees	Up to $600,000	Up to $7,000 per month	Up to $600,000	Up to $7,000 per month
100-199 employees	Up to $750,000	Up to $8,000 per month	Up to $750,000	Up to $8,000 per month
200-499 employees	Up to $850,000	Up to $9,000 per month	Up to $850,000	Up to $9,000 per month
500-999 employees	Up to $900,000	Up to $10,000 per month	Up to $900,000	Up to $10,000 per month
1,000+ employees	Individual consideration	Up to $12,000 per month	Individual consideration	Up to $12,000 per month
Member Services
BT Customer Relations	132 135		132 135
BT Link	Automated phone service		Automated phone service
BT Online	Secure online website		Secure online website
Newsletters	Yes		Yes
Annual Reports	Annual		Annual
Statements	Annual		Annual
Education	Online, flyers, seminars		Online, flyers, seminars
Spouse accounts	Yes		Yes
Retained benefits	Yes		No – BT Lifetime Super – Personal Plan transfer
Employer Services
BT Employer Relations	1300 553 010		1300 553 010
BT Online Employer	Secure online website		Secure online website
Relationship Manager	Larger plans		Larger plans

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