Maintain my wrap account

Maintain your Insurance through Wrap

Making additional contributions

Additional investments are funded from your BT Wrap Cash Account.

Investments into your BT Wrap Cash Account can be:

  • Arranged from time to time via your adviser.
  • Made regularly via the BT Regular Deposit Plan (or the BT Regular Contribution Plan for BT SuperWrap Personal Super Plan and BT SuperWrap Essentials Personal Super Plan) which offers the flexibility to make monthly, quarterly, half-yearly or yearly automatic deposits from your bank account.

Once you have money deposited into your BT Wrap Cash Account, you can then use this money to invest in a range of wholesale managed funds and ASX listed securities (retail managed funds for BT Wrap/SuperWrap Essentials).

 Please note:

  • You must arrange these transactions through your adviser or broker.
  • Additional contributions cannot be made into the BT SuperWrap - Flexible Pension Cash Account.

Switching

You can switch between your managed funds at any time by instructing your adviser to do so on your behalf. All transactions are placed by your adviser online.

Switching is the act of transferring funds between funds in a fund range. This is achieved by selling units in one fund and using the proceeds to buy units in another fund.

Making a withdrawal

Please contact your financial adviser who can help you to get your funds paid into your nominated bank account.

  • Withdrawal payments are made in Australian dollars.
  • In all cases, withdrawals are subject to clearance of investment funds.
  • Seven to ten business days is generally required depending on the applicable fund manager.
  • Investors should also note that any applicable bank charges and other likely bank fees incurred as a result of a withdrawal by way of telegraphic transfer, bank cheque or other special payment will be on-charged to you.

BT Wrap

You can withdraw from any fund at any time provided you leave at least $2,500 in your BT Wrap Cash Account. There is no minimum withdrawal amount. 

BT SuperWrap

You can only withdraw your funds from a super plan if you satisfy the rules under the government’s preservation regulations and meet a condition of release.

Conditions of release include reaching age 65, reaching your preservation age of 55 and being retired, total and permanent disablement, severe financial hardship and on compassionate grounds.

Provided you meet a condition of release and are making a withdrawal, direct crediting of funds to your nominated account is the fastest and easiest way to receive your payment. If you wish to have your withdrawal paid by cheque, it will be sent to your postal address.

BT SuperWrap – Pension Plan

You can withdraw your entire balance or make a commutation (partial withdrawal) from the Pension Plan at any time.

There is no minimum withdrawal amount.

Commutations may affect pension payments from the plan, and you should seek financial advice before proceeding with any withdrawal.