BT Super for Life

Duration 1:24

Updated 25 January 2013


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Essentials

An everyday super account that seamlessly integrates with your online banking making it easy to manage and highly portable should you change jobs.


Flexible investment options
With BT Super for Life it's easy to choose an investment option that suits you and your lifestyle:

  1. Let us do the hard work - based on your age in a Lifestage Fund
  2. Styled by you - choose your own investment mix.


Managing super is as easy as Online Banking
View and manage your superannuation - even change investment options -  alongside other bank accounts online in one, central secure place.

Duration 1:24

Updated 12 February 2014


Award winning management
BT Super for Life is proud to provide members with the Money magazine Best Fund Manager for the last three years. BT Super for Life Lifestage funds are overseen by Advance Asset Management, which was Money magazine's Best Fund Manager for 2012 and 2013, while BT Investment Management has picked up the same award for 2014 and manages all other BT Super for Life investment options. Awards and ratings are opinions only and are subject to change.


BT Super for Life - fact sheets
See how the fund is invested, its performance, as well as a summary of what's happened in the markets and its impact on your investment

Simple fee structure

Just a 0.99%p.a. management fee and a $5 per month administration fee. Please refer to the Product Disclosure Statement for further information about fees.

Things you should know
  • BT Super for Life Product Disclosure Statement (PDF 1mb)

    BT Super for Life Financial Services Guide (PDF1mb)

    BT Super for Life Additional Information (PDF 2mb)

    This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and our interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.

    More on award winning performance
    This information may contain material provided directly by third parties. While such material is published with necessary permission, neither Westpac Banking Corporation nor any related entity accepts responsibility for the accuracy or completeness of, or endorses any such material. Except where contrary to law, Westpac Banking Corporation and its related entities intend by this notice to exclude liability for this material.

    Taking your super from job to job
    There may be limited circumstances where your employer is not required to accept your Choice of Superannuation form e.g. if you have already exercised Super Choice in the last 12 months.

    More on BT Super for Life
    Superannuation is a preserved asset subject to conditions of release. You will need to satisfy a condition of release to access these funds.

    BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life which is a part of Retirement Wrap (ABN 39 827 542 991, RSE R1001327) and is the issuer of interests in BT Super for Life. You can download a Product Disclosure Statement PDS (PDF 1mb) for BT Super for Life. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for `Life. 

    An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (Westpac), St. George Bank, Bank of Melbourne or BankSA (which are Divisions of Westpac), or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Neither Westpac nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life.

    © BT Financial Group - A Division of Westpac Banking Corporation.

Features

The super account you can take with you from job to job

Like most Australians, you probably won't have the same job for life. You're likely to progress through different jobs, opening new super accounts and paying separate fees along the way.

So why not have just 1 super account that you take with you wherever you go.

  • Keeping all your super in one place with BT Super for Life can make a big difference to your final balance
  • One simple form lets your employer know you want your regular super payments to go to your BT Super for Life account.

Flexible investment options

Option 1: You tell us your age; we'll do the rest, investing your super in a BT Lifestage Fund; a well-diversified portfolio of assets designed and managed according to your age. (a management fee applies).

Over time the fund will gradually shift to a more conservative asset mix. It generally does this by decreasing its allocation to growth assets and increasing its allocation to conservative assets.

Option 2: You take the reins, choosing your own BT investment mix from a range of options: Growth, Moderate, Conservative (a management fee applies to these), and Super Cash.

The smarter way to get life insurance cover

Life insurance is another of the benefits you receive with your super account. You could be entitled to cover in the event of Death and/or Total & Permanent Disability, subject to an exclusion that applies for any claim related to a pre-existing medical condition.  Cover starts once you have money in your BT Super for Life account, as your premium payment comes straight from your account balance. This means it doesn't affect your take-home pay, and may potentially provide you with a tax advantage.

  • Premiums are paid directly from your super
  • Auto acceptance with no medical checks
  • Option to double or triple cover within 90 days.

Turn your credit card points into super dollars today

With a Westpac Altitude credit card, you can turn points you earn into money for your super.

You can even transfer points to your spouse or child's BT Super for Life - Savings Account. Plus, when you convert points into your own account, it counts as personal after-tax contributions, which may help you qualify for a Government co-contribution (conditions apply).

Things you should know
  • BT Super for Life Product Disclosure Statement (PDF 1mb)

    BT Super for Life Financial Services Guide (PDF1mb)

    BT Super for Life Additional Information (PDF 2mb)

    This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and our interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.

    Taking your super from job to job
    There may be limited circumstances where your employer is not required to accept your Choice of Superannuation form e.g. if you have already exercised Super Choice in the last 12 months.

    More on BT Super for Life
    Superannuation is a preserved asset subject to conditions of release. You will need to satisfy a condition of release to access these funds.
    BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life which is a part of Retirement Wrap (ABN 39 827 542 991, RSE R1001327) and is the issuer of interests in BT Super for Life. You can download a Product Disclosure Statement PDS (PDF 1mb) for BT Super for Life. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for `Life.

    An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (Westpac), St. George Bank, Bank of Melbourne or BankSA (which are Divisions of Westpac), or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Neither Westpac nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life.

    © BT Financial Group - A Division of Westpac Banking Corporation.

Fees

Understanding what you pay for

The fees are simple - up to 0.95%1  of your account balance and a $5 per month administration fee. You don't pay commissions, establishment, contribution, withdrawal, termination or investment switching fees.

  • No commissions
  • No establishment fee
  • No contribution fee
  • No withdrawal fee
  • No termination fee
  • No investment switching fee

There is no charge for accepting any rollovers. However, before requesting the rollover, it is a good idea to check with your other fund to determine whether there are any exit fees for moving your benefit, or other loss of benefits (e.g. insurance cover).
The fees you pay on your super fund can make all the difference to the money you'll have in retirement, so make sure you know what you're paying for. Please refer to the Product Disclosure Statement (PDS) for further information regarding the fees and costs that apply to BT Super for Life. 

 

BT Super for Life Fees
FeeAmount
Investment fee0.50% p.a. of your account balance (Nil for the Super Cash option) plus a performance fee (if applicable)
Monthly administration fee$5
Plus 0.45% p.a. of your account balance (Nil for the Super Cash option)
Other costs1Please refer to the BT Super for Life Product Disclosure Statement for full details on fees

1.  Other fees such as performance fees and expense recoveries may apply. 

Things you should know

Forms and fact sheets

Contact us

  • Call us: 1300 653 553 (Mon - Fri: 8.00am - 6.30pm AEST)
  • Our mailing address:
    BT Super for Life
    GPO Box 3958, Sydney NSW 2001

Forms:

Fund fact sheets

Things you should know

Rates

BT Super for Life - Super Cash account interest rate

Variable rate
Current interest rate 2.40% p.a.1


View BT Super for Life essentials

Things you should know
  • BT Super for Life Product Disclosure Statement (PDF 1mb)

    BT Super for Life Financial Services Guide (PDF1mb)

    BT Super for Life Additional Information (PDF 2mb)

    1. Rate is current as at 17 September 2013. Rate is subject to change at any time. The interest paid out on a BT Super for Life Super Cash investment will differ according to the following scenarios:

    In a BT Super for Life Retirement or Transition to Retirement account, the interest paid will be 2.40% p.a. No tax is payable on the interest.

    In a BT Super for Life Savings account, the interest paid will be 2.40% p.a. minus 15% tax. You are unable to access your benefit in this account until you’re retired, reach your preservation age or meet a condition of release.

    Interest rates shown are gross annualised rates before the deduction of management costs (currently nil) and earnings tax (currently 15%).

    Interest rates are determined in advance and may increase or decrease at any time without notice.

    Past interest rates are not an indication of future interest rates or performance.  

    This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and our interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.

    More on BT Super for Life
    Superannuation is a preserved asset subject to conditions of release. You will need to satisfy a condition of release to access these funds.
    BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life which is a part of Retirement Wrap (ABN 39 827 542 991, RSE R1001327) and is the issuer of interests in BT Super for Life. You can download a Product Disclosure Statement PDS (PDF 1mb) for BT Super for Life. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for `Life.

    An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (Westpac), St. George Bank, Bank of Melbourne or BankSA (which are Divisions of Westpac), or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Neither Westpac nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life.

    © BT Financial Group - A Division of Westpac Banking Corporation.