Information about your 2014/2015 statement

When will I receive my annual statement?

Statement mailing dates

Annual Statements are scheduled to be mailed as follows.

Product                                                                              Statement mailing dates

Personal Super
  • BT Lifetime – Personal Super
  • BT Classic Lifetime – Personal Super
  • BT Retirement Selection – Personal Super Plan
  • BT Superannuation Investment Fund
  • BT Superannuation Savings Fund
Mid July - Early August
Retirement
  • BT Lifetime – Flexible Pension
  • BT Classic Lifetime – Flexible Pension
Early July - August
General Investments
  • BT Investment Funds
  • BT Investment Choice
  • Premium Cash
  • Classic Investment Funds
  • Cash Management
Mid July - August
Corporate Super
  • BT Business Super
  • BT Lifetime Super – Employer Plan
July - August
BT Super for Life*
  • BT Super for Life – Savings
  • BT Super for Life – Retirement
  • BT Super for Life – Transition to Retirement
Available online from early August


* Log in to your BT Super for Life account via Internet Banking, and click on ‘Statements’ under “Transaction History”. 

Superannuation

How do I claim a tax deduction for my personal contributions?

You may be eligible to claim a tax deduction for personal superannuation contributions you have made. Generally, eligible persons include self-employed persons, substantially self-employed persons and non-employed persons.

If you wish to claim a tax deduction for personal contributions you’ve made during the 2013/14 financial year, you must:

  1. meet the eligibility criteria to claim a deduction (this can be found by visiting www.ato.gov.au and searching for ‘Claiming deductions for personal super contributions’)
  2. complete and return a Notice of intent to claim or vary a deduction for personal super contributions* (‘Notice’) to us either:
    • on or before the day you lodge your income tax return for the 2014/15 financial year, or
    • before 30 June 2015

      whichever occurs first.

* This form can also be used to vary the amount you wish to claim as a deduction.

Note: If you wish to claim a tax deduction for personal contributions you made during the 2013/14 financial year, you must complete and return your Notice to us either:

  • on or before the day you lodge your income tax return for the 2013/14 financial year, or
  • before 30 June 2015

    whichever occurs first.

After receiving your Notice we will send you a letter, within 30 days, acknowledging the amount you will be claiming. You must receive this acknowledgment letter before you can claim a deduction for your contributions in your tax return.

What is the minimum annual pension percentage and how do I amend my minimum pension payment?

The minimum payment for an account based income stream is determined by multiplying the account balance by the age based percentage. The below table illustrates the age based percentage applicable for the current and the next financial year.

Age (at commencement or each 1 July)             Percentage of account balance 
                                                                            2014/2015             2015/2016

Under 65                           4.00 4.00
65-74 5.00 5.00
75-79 6.00 6.00
80-84 7.00 7.00
85-89 9.00 9.00
90-94 11.00

11.00

95 or more 14.00 14.00

BT Lifetime – Flexible Pension and BT Classic Lifetime – Flexible Pension members who’d like to change their pension payments or have any additional queries may call Customer Relations on 132 135.

BT Super for Life members who would like to update their pension payment amount should do so by logging in to their BT Super for Life account via Internet Banking, or by calling a BT Super for Life Customer Relations Specialist on 1300 653 553. 

Will I receive a tax statement for my superannuation account?

No, tax statements are not produced for BT Superannuation accounts.

Investment

When will I receive a distribution payment for my investments?

The table below illustrates the quarterly distribution and statement mailing dates for Retail Investments.

Product Payment of distributions* Statement mailing dates*
BT Investment Funds (including BT Classic Investment Funds) From 7 July 2015 From 24 July 2015
65-74 5.00 5.00
75-79 6.00 6.00

* Dates are indicative only

Will I receive a tax statement this year?

If your Fund(s) did paid you any distributions in this statement’s financial year (excluding distributions paid effective 1 July, which are considered part of the previous financial year), you will receive a tax statement. We are not required to produce a tax statement if no income is paid. Please note that an increase in the value of your units as a result of positive performance does not constitute income.

Will I receive a capital gains tax (CGT) statement this year?

If you redeemed or switched any units in your Fund, or transferred units to another investment in this statement’s financial year, you may receive a CGT statement. We are not required to produce a capital gains tax statement when no redemptions, switches or transfers have occurred. Please note that an increase or decrease in the value of your units as a result of performance does not constitute a capital gain or loss.

BT Lifetime – Flexible Pension and BT Classic Lifetime – Flexible Pension members who’d like to change their pension payments or have any additional queries may call Customer Relations on 132 135.

BT Super for Life members who would like to update their pension payment amount should do so by logging in to their BT Super for Life account via Internet Banking, or by calling a BT Super for Life Customer Relations Specialist on 1300 653 553.