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Essentials

Uncomplicated investment options tailored for a range of risk profiles

BT Lifetime Super - Employer Plan is a superannuation plan set up by employers for their employees. Members benefit from reduced administration costs and insurance premiums.

Employer benefits

  • MySuper compliant default options for members
  • Simple and uncomplicated for SMEs
  • Flexible and scalable enough for corporate businesses, with possible fee discounts for larger plans.
  • Straightforward administration with QuickSuper.

Westpac and BT

BT has been providing employer-sponsored super solutions to employers and individuals since 1991. 

BT Financial Group is part of the wealth management arm of the Westpac Group and is one of Australia’s leading wealth managers with $130.8 billion in funds under administration*.

BT Lifetime Super – Employer Plan - MySuper Lifestage Investment Options
 

Type of fee Amount
How and when paid
Investment fee

0.50% of your account balance.

Deducted from the assets of the BT MySuper Lifestage Investment Option and reflected in the unit price on a daily basis.
Administration fee

$78.00 p.a. ($6.50 per month)

 

Plus 0.45% p.a. of your account balance. Less any Administration fee rebate negotiated between your employer and us.

Deducted from your account balance at the end of each month or when you leave BT Super, by way of deduction of units from the BT MySuper Lifestage Investment Option.

Deducted from the assets of the BT MySuper Lifestage Investment Option and reflected in the unit price on a daily basis.
Buy-sell spread

Estimated 0.36% of the amount invested in your BT MySuper Lifestage Investment Option.

Cost of the buy-sell will generally be incurred when you invest in the BT MySuper Lifestage Investment Option.
Switching fee Nil  
Exit fee Nil  
Advice fee
relating to all members investing in a particular MySuper product or Investment Option.
Nil  
Other fees and costs1

Member advice fee, if you agree a fee with your Financial Adviser

Plus Insurance costs, if you have insurance cover in BT Super. The amount of any advice fee or insurance fees may vary2

The member advice fee and insurance fees are deducted from your account balance on the date the fee or cost is incurred.
Indirect cost ratio
Stronger Super Expense Recovery and Superannuation Levy.

Regulatory Change Expense Recovery3 up to 0.05% p.a.(estimated) of the Investment Option’s asset value.

Plus

Performance-related fee estimate 0.01% to 0.03%4 p.a. of the Investment Option’s asset value (for BT MySuper Lifestage Investment Options only).

Deducted from the assets of the BT MySuper Lifestage Investment Option and reflected in the unit price on a daily basis.

 

Performance-related fees are deducted from the assets of the relevant BT MySuper Lifestage Investment Option and reflected in the unit price on a daily basis when investment performance targets are met.

1. Additional fees and costs, such as activity fees, advice fees for personal advice or insurance fees, may apply. Please refer to the ‘Additional explanation of fees and costs’ section in the BT Lifetime Super – Employer Plan Product Disclosure Statement and the Additional Information Booklet Part 1 – General for more information.
 

2. Please see the ‘Additional explanation of fees and costs’ section in the Additional Information Booklet Part 1 – General for details of how advice fees are calculated and the Additional Information Booklet Part 3 – Insurance for details of how insurance fees are calculated.


3. For more information about the Regulatory Change Expense Recovery, please refer to the ‘Additional explanation of fees and costs’ section in the Additional Information Booklet Part 1 – General.


4. Performance-based fees are an estimate based on performance fees paid to underlying investment managers for the year ended 30 June 2017. Please refer to the ‘Performance-related fees’ section in the Additional Information Booklet Part 1 – General for more information.

See BT Lifetime Super Employer Plan Product Disclosure Statement (PDF 2.2mb) for a full list of fees.

BT Lifetime Super – Employer Plan allows you to tailor insurance arrangements better suited for employees, and with the added benefits of insurance at group premium rates.
 

Insurance options include Death Only, Death and Total & Permanent Disablement, and Salary Continuance (subject to occupational eligibility) for benefit periods of 2 years, 5 years and up to age 65.

Things you should know

* Westpac Group full year results as at 30 September 2016.
 

BT Funds Management Limited ABN 63 002 916 458 is the trustee of the BT Lifetime Super Employer Plan and is the issuer of interests in the Fund. A Product Disclosure Statement and other relevant disclosure documents (together, PDS) are available for BT Lifetime Super – Employer Plan and can be obtained by calling 132 135, or from the  BT Lifetime Super – Employer Plan downloads. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in the Fund.
 

Investments in BT Lifetime Super Employer Plan are not deposits or other liabilities of the Bank or any other member of the Westpac Group. They are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither the Bank nor any other member of the Westpac Group guarantees the capital value or performance of these investments or the assets of BT Lifetime Super Employer Plan except as specified in the information brochure.
 

You can download the Financial Services Guide for BT Lifetime Super Employer Plan (PDF 73kb) or obtain a copy by calling 132 135, visiting bt.com.au or from any Westpac branch.