BT Lifetime – Flexible Pension details

The BT Lifetime – Flexible Plan lets you convert your super savings into an income stream and receive significant tax benefits without locking your capital away. 

You control how your money is invested – you can choose investments covering a broad risk and return spectrum.

Take a look at the table below for a summary of the main features of the BT Lifetime – Flexible Pension Plan and download the full Product Disclosure Statement for more information, including details on all the product rules, fees, costs and features.

Feature Benefit Summary More information

Accepted contributions

Rollovers of superannuation monies, known as Superannuation benefits.  These super monies need to be classed as unrestricted non-preserved (meaning they are accessible to you).

Rollovers of Superannuation benefits classed as preserved or restricted non-preserved for which a cashing restriction is immediately met.

Undeducted personal and spouse contributions for which a cashing restriction is immediately met.

Features at a glance – PDS page 6

Getting started - PDS page 7

Investment and transaction minimums

Initial contribution (one off)

$25,000

Additional contributions

$15,000

Minimum switching amount

$1,000 between portfolios

Minimum withdrawal

$5,000

 

Getting started PDS page 7

Switches – PDS Page 42 and

Withdrawal (partial) – PDS Page 45

Investment options

You choose from 17 portfolios covering different asset classes and investment styles and managed by a range of investment managers. 

PDS page 21

Fee options

There are Contribution fee and Nil Contribution fee (and Exit fee?] options.

PDS page 46

Keeping you informed

You receive regular reporting on your investment. BT Link and BT Online allow you access to your investment information and other BT services.

Keeping informed and up to date - PDS page 55

Control your income payments

You decide the level of income you want to receive (within government limits) and how often you want to be paid (monthly, quarterly, yearly).

Flexible pension payments - PDS page 9

Transactions

You can alter payment frequency and payment amounts (within government limits).

Switch between investment portfolios.

PDS page 9 and 42

Accessing your money

You can make a partial or full withdrawal of your account balance at any time.

Withdrawing your money - PDS page 45

Tax benefits

The earnings from your investment are exempt from tax.

PDS page 10

Estate planning

You enjoy significant flexibility in arranging how your remaining capital can be paid on your death.

PDS page 43

Ready to apply

Flexible pensions can only be opened using Superannuation benefits monies classified as Unrestricted Non Preserved.  See your adviser or call BT if you have questions about your super.

When you are ready to covert your super savings into an flexible pension, there are a number of ways to apply for the BT Lifetime – Flexible Pension.