BT Super for Life
Essentials
- View your super alongside your other accounts
- Stay in control of your super
- Super integrated with your online banking
- Low transparent fees 1
- Easy investment choices
- Easy consolidation of your super 2
- Turn credit card points into super
- Tax effective life insurance paid directly from your BT Super for Life account 3
- Flexibility and easy management
- Easy to set up.
Things you should know
- 1.BT Super for Life fees are 48% lower than the average fees according to Product Disclosure Statements (PDS) on an account balance of $50,000 with an annual contribution of $5,000. This comparison is based on a default investment option or multi-manager balanced growth investment option of each fund. The funds are representative of the retail personal super funds sector as at 17 June 2009. Fees are subject to change.
- 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.
- 2.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).
- 3.The 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 their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.
- BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life (ABN 53 398 474 034) 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. Alternatively it can be obtained by calling 1300 653 553 or visiting www.btsuperforlife.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
- You can download a Financial Services Guide (PDF 304kb) for BT Super for Life. Alternatively it can be obtained by calling 1300 653 553, visiting www.bt.com.au or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) 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. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
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Features
- In a first for an Australian bank, you can now view and manage your super online with your other Westpac banking accounts. All your super details are right there in front of you when you log on to Westpac Online, making it easier to manage your finances
- We're 48% cheaper than a typical retail fund 1 , and we don’t charge any fees for switching investment options, contributing to or withdrawing from your super
- You have 2 investment alternatives - let BT manage the mix for you with a Lifestage fund (based on your age) or you can specify the investment mix yourself
- If your super is in different funds, we can help you consolidate those funds with our convenient and quick online rollover service 2
- You can now transfer Altitude reward points towards your own, your spouse or your child's BT Super for Life account
- Paying for life, total and permanent disability or salary continuance insurance means your take home pay is not reduced, plus you could be liable for less tax because super contributions are taxed at a concessional rate 3
- Change investment options when you want and keep up to date with fund performance
- Taking as little as 10 minutes to set up, it's no wonder BT Super for Life was voted Best New Product by SuperRatings in 2008 and awarded a Gold Rating by SuperRatings in 2009.
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BT Super for Life is a superannuation fund with 3 different account types, each with a range of specific features depending on your age, stage of life and what your financial objectives might be.
Savings Account
You can use the Savings Account component of BT Super for Life if:
- You or your employer will add money to your super on an ongoing basis
- You have retired and you want to leave your money in super in a tax-effective environment and you do not want to regularly withdraw from your super.
Transition to Retirement Account
You can use the Transition to Retirement Account component of BT Super for Life if:
- You want to start withdrawing from your super
- You are between 55 and 64 years of age and you have not retired.
Retirement Account
You can use the Retirement Account component of BT Super for Life if:
- You're 65 years of age or older
- You're 60 or older and have left an employment arrangement since turning 60. You may have already started working for another employer or plan to do so in the future
- You're 55 or older and don't intend to work for more than 10 hours a week in the future
- Regardless of your age, your super is unrestricted non-preserved.
Things you should know
- 1.BT Super for Life fees are 48% lower than the average fees according to Product Disclosure Statements (PDS) on an account balance of $50,000 with an annual contribution of $5,000. This comparison is based on a default investment option or multi-manager balanced growth investment option of each fund. The funds are representative of the retail personal super funds sector as at 17 June 2009. Fees are subject to change.
- 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.
- 2.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).
- 3.The 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 their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.
- BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life (ABN 53 398 474 034) 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. Alternatively it can be obtained by calling 1300 653 553 or visiting www.btsuperforlife.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
- You can download a Financial Services Guide (PDF 304kb) for BT Super for Life. Alternatively it can be obtained by calling 1300 653 553, visiting www.bt.com.au or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) 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. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
-
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Fees
| Fee | Amount |
|---|---|
| Monthly administration fee | $5 |
| Management fee - Super Cash account | 0% p.a. |
| Management fee - all other investment options | 0.99% p.a. of account balance |
| Other costs | Buy/sell spread when we buy or sell investments for you. |
See how BT Super for Life fees compare with other personal super providers.
Things you should know
- 1.BT Super for Life fees are 48% lower than the average fees according to Product Disclosure Statements (PDS) on an account balance of $50,000 with an annual contribution of $5,000. This comparison is based on a default investment option or multi-manager balanced growth investment option of each fund. The funds are representative of the retail personal super funds sector as at 17 June 2009. Fees are subject to change.
- 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.
- 2.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).
- 3.The 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 their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.
- BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life (ABN 53 398 474 034) 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. Alternatively it can be obtained by calling 1300 653 553 or visiting www.btsuperforlife.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
- You can download a Financial Services Guide (PDF 304kb) for BT Super for Life. Alternatively it can be obtained by calling 1300 653 553, visiting www.bt.com.au or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) 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. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
-
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Rates
| Variable rate | |
|---|---|
| Current interest rate | 3.75% p.a.1 |
For other BT Super for Life investment options, information on profiles and performance is available at btsuperforlife.com.au
View BT Super for Life essentials
Things you should know
- 1.BT Super for Life fees are 48% lower than the average fees according to Product Disclosure Statements (PDS) on an account balance of $50,000 with an annual contribution of $5,000. This comparison is based on a default investment option or multi-manager balanced growth investment option of each fund. The funds are representative of the retail personal super funds sector as at 17 June 2009. Fees are subject to change.
- 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.
- 2.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).
- 3.The 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 their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.
- BT Funds Management Limited (ABN 63 002 916 458) is the trustee of BT Super for Life (ABN 53 398 474 034) 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. Alternatively it can be obtained by calling 1300 653 553 or visiting www.btsuperforlife.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
- You can download a Financial Services Guide (PDF 304kb) for BT Super for Life. Alternatively it can be obtained by calling 1300 653 553, visiting www.bt.com.au or from any Westpac branch.
- An investment in this product is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) 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. The Bank is not the issuer of the product. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the product.
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.
Did you know?
If you have multiple super accounts you could be paying multiple fees unnecessarily?
