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Why BT Super for Life?

Super you can see

9.5% of your hard-earned salary goes to super. So why not put it where you can see and manage it alongside your other accounts in Westpac Online Banking.

Tailored for your age

We’ll adjust your investment mix as you grow older – or you can choose how you're invested.

Sustainable investing

BT Super for Life is Infinity Recognised for 2020 by SuperRatings for our sustainable behaviour and responsible investment principles.

Insurance cover without a medical exam

Pre-approved standard cover for eligible members.1

How your super is invested

Your life doesn’t stay the same. So why should your super? Chances are your needs and goals might change quite a bit between the ages of 20 and 60.

We'll do the hard work and invest your super based on your age in a Lifestage Fund.

When you’re younger, you'll have more investments that are likely to give stronger growth over the long term. That comes with a higher risk – but you have the time to ride out rises and falls in market.

As you get older, we will gradually reduce the risk in your investments to protect your super money from any downturns, as you will have fewer years until retirement.

Want to invest differently?

You can choose your own investment mix from more than 38 investment options

Why pay extra fees?

At BT Super for Life we work hard to give your super the best chance to grow. No commissions, withdrawal or contribution fees means more money in your super account.
A snapshot of what you pay for: 

Fee Amount
Administration fees $9.00 per month + 0.28% p.a. (0.24% p.a. for cash)2
Investment fee Estimated 0.10% to 1.38%3 p.a.
Buy-sell spread Estimated 0% - 0.60%3 p.a.
Indirect cost ratio Estimated 0.05% to 1.23%3 p.a.

The above is a summary only of the fees and costs and current as at 1st March 2021. Other fees and costs may apply depending on investment, insurance and advice decisions. Please refer to the PDS and Additional Information Booklet for further information.

Insurance cover

There are two insurance options available to eligible members of BT Super for Life.

1. Standard cover

Eligible members will receive pre-approved Standard cover when they open a BT Super for Life account – this provides insurance cover for Death and Total and Permanent Disablement (TPD) insurance. There is no need to complete medical checks. The amount of insurance cover when activated is based on the member’s age, and the cost of the insurance cover is based on both the member’s age and gender.

NOTE: Please be advised that this insurance cover, and the payment of an eligible insurance claim, is subject to a Pre-existing condition clause. Other exclusions may also apply. Please refer to the PDS and Additional Information Booklet for more information about exclusions that apply to Standard Cover.

2. Customised cover

An eligible member can apply for up to three insurance options based on a combination of Death Only, Death and Total and Permanent Disablement, plus Salary Continuance Insurance cover (sometimes referred to as Income Protection insurance). The member is given flexibility regarding the amount of insurance cover they can apply for, however approval is not guaranteed and is dependent on the results of a medical assessment. The cost of the insurance cover when activated will be based on the member’s age, occupation, gender, smoker status, pastimes and pursuits and the type and amount of cover requested.

Fund codes

BT Super for Life forms part of the Retirement Wrap Trustee BT Funds Management Limited


ABN 39 827 542 991

RSE R1001327

ABN 63 002 916 458

AFSL 233724

RSE L0001090


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Westpac and BT – we’re here to help

As part of our Group and one of Australia’s leading wealth experts, BT has been helping Australians build and protect their wealth since 1969.


Through BT, you can access a range of solutions across super, investments and insurance, to help you plan for today and tomorrow. 

More articles on super

Why is super important?

Superannuation is your money. By making regular contributions over the course of your working life, you'll eventually have a lump sum of money that can help fund your retirement.

Choosing a superannuation fund

Your choice of superannuation fund can make a big difference in terms of your end result.

What is the Super Guarantee?

Superannuation is your money. Here in Australia, it’s compulsory for all employers to make superannuation contributions on behalf of their qualifying employees.

Things you should know

BT Super for Life Product Disclosure Statement

BT Super for Life Financial Services Guide

BT Super for Life Additional Information Booklet

The information shown on this site 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.


1 You receive standard insurance cover for Death and Total & Permanent Disablement (TPD), without the need for a medical assessment, when you open a BT Super for Life – Super account (subject to eligibility criteria and you having money in your account). Cover is subject to a pre-existing conditions exclusion. Other exclusions may also apply. Please refer to the Additional Information Booklet for more information about ‘What exclusions apply to Standard Cover'. If you want to apply for additional insurance cover, including Salary Continuance Insurance (SCI) cover, call our super specialists on 1300 653 553.


2 The Administration fee for the Cash investment option is currently $9.00 per month + 0.24% p.a. Refer to the Additional Information Booklet for further information.


3 The fees and costs payable depend on the investment option you choose – refer to the Additional Information Booklet for further information.


Westpac SuperCheck involves a search for superannuation being undertaken by BT Funds Management Limited ABN 63 002 916 458, AFSL No.233724 (BTFM), the trustee and issuer of interests in BT Super for Life, which is a part of Retirement Wrap ABN 39 827 542 991. A Product Disclosure Statement (PDS) for BT Super for Life can be obtained by calling 1300 653 553 or by visiting You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose interests into BT Super for Life.


BTFM is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac, St.George Bank, BankSA or Bank of Melbourne (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. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of an investment with BTFM.


Before requesting a rollover, you should consider where your future employer contributions will be paid (if your employer contributions are currently being paid to another fund) and check with your fund(s) to determine whether there are any fees, including exit or withdrawal fees, for moving your benefit, or other loss of benefits (e.g. insurance cover), noting that you may not receive the same type or level of benefits after the rollover. If you have a pre-existing medical condition you may not receive a benefit for a death or disablement claim. Please check to see if you are covered before submitting your application.


AIA Australia Limited ABN 79 004 837 861, AFSL No. 230043 is the issuer of insurance cover offered through BT Super for Life. Further information about the insurance available through BT Super for Life is included in the PDS.


Superannuation is a preserved asset subject to conditions of release. You will need to satisfy a condition of release to access these funds.


Information current as at October 2020.