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Why BT Super for Life?

  • Super you can see

    10% of your hard earned salary is super. So keep track of it next to your other accounts in Westpac Online Banking.

  • Super sized to fit

    Choose where your superannuation is invested or let us adjust your investments mix to suit your age. 

  • Sustainable super

    Choose investment options recognised by SuperRatings in 2020 for their responsibility to the planet.

  • Super that skips the exam

    Give the medical exam a miss but still enjoy in-built insurance1 (for eligible members only). 


A super account for every stage of your life

When you're working

Choose how your super savings are invested by either leaving it to us or selecting your own investments from 38 different options. Make regular contributions and track your super grow over time with a BT Super for Life account.

When you're winding back

If you have reached your preservation age (age 55-60 depending on your date of birth) and are thinking more about retirement, you can start to withdraw from your super, even if you are still working, with a BT Super for Life – Transition to Retirement account.

A Transition to Retirement account can either supplement your income as you wind back from full time work or be used to boost your super balance using the allowable tax concessions while you keep working.

When you retire

Your super doesn’t have to stop working when you do. Choose an investment strategy and payment frequency to suit you in retirement with a BT Super for Life – Pension account.


The details

Who is this account for?

  • This account is for anyone looking for a simple super account that is easy to join, manage, and grow.
  • Living in Australia when applying for an account. 

How to get started

Step 1

Open your account

Just enter your details, Tax File Number, and select your preferred investment and insurance options. It takes five minutes – even quicker if you sign into Westpac Online Banking. 

Step 2

Tell your employer

Once you’ve signed up, you’ll have access to our Super Concierge Tool that helps you easily tell your employer to pay your super into your BT account.  

Step 3

Consolidate your super

Saving on fees and admin? Yes please.* Remember, you can consolidate your super online with the BT Rollover Tool.

No paperwork required. 


Annual Performance Assessment

It is important to note that BT’s MySuper Lifestage investment options failed the Government's 2021 annual performance assessment. Learn about what BT is doing in response.

Get started

Set up an account in 5 minutes

It's even easier when you sign into Westpac Online Banking


Frequently asked questions (FAQs)
 

If you're working and saving for retirement, a BT Super for Life account allows you or your employer to add money to your superannuation with ease. A BT Super for Life account can be held by anyone old enough to access Online Banking. There is no maximum age; however conditions regarding contributions apply from the age of 67.

Not for you?

Find out more about BT's other super solutions

Find out more

Learn more about 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.

Tools and Calculators

Get more from your super with a range of online tools as well as a super calculator – whether it’s rolling multiple funds into one account or checking your likely retirement income.

BT Westpac logo

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. 

General Advice Warning:

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. You should obtain and consider the PDS before deciding whether to acquire a BT Super Product by calling 132 135 or visiting bt.com.au. You may wish to seek personal advice from a financial adviser (noting that the adviser would require much more information from you and would likely charge a fee for the service).

 

Things you should know:

 

Super for Life Product Disclosure Statement

Super for Life Financial Services Guide

BT Super for Life Additional Information Booklet

BT Super for Life - Super Target Market Determination

BT Super for Life – Transition to Retirement (TTR) Target Market Determination

BT Super for Life – Retirement Target Market Determination

 

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 (part of the PDS) 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 BT on 1300 653 553.

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

3 The Administration fee for the Cash investment option is currently $4.66 per month +  0.19% pa. – refer to the Additional Information Booklet for further information.

4 Estimated indirect costs above include an estimated Regulatory Change Expence Recovery of 0.01% pa, estimated performance-related fees of 0.05% pa and estimated other indirect costs of 0.12% pa. Please see 'Performance-related fees' in the Additional Information Booklet for more information.

5 Eligible members will need to have an account balance over $6,000 and will need to be 25 years or older.

 

BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) is the trustee of BT Super for Life which is part of Retirement Wrap ABN 39 827 542 991 (BT Super Products).

 

Any taxation position described is based on current tax laws and should only be used as a guide. Your individual situation may differ and you should seek independent professional tax advice.)

 

Westpac SuperCheck involves a search for superannuation being undertaken by BTFM.  

 

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 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 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 1 March 2022.