BT Super for Life
BT Super for Life will change the way you look at super. It's a fund that’s so simple to manage, you can access it like you do your online banking. Yet it's smart enough to evolve with you as your needs change throughout life. This product is currently available to Westpac, St.George and BankSA customers.
Easy access
BT Super for Life is the first super fund that allows you to see all your banking and super details on one screen, so it's easier to manage your finances.
- One password, no hassles - access to your super and bank accounts with a single password
- Check your super balance whenever you log in to Internet Banking. BT Super for Life is available through Westpac, St.George, BankSA and Bank of Melbourne Internet Banking.
- Low fee and no commissions. Fees equal 0.99% p.a. on investment options and an administration fee of $5 per month. There is no investment management fee payable on the Super Cash investment option
- Manage your super more easily - review your investment options; and view your transaction history, withdrawals and fund performance online. It's as convenient as using online banking
- Top-up your super from your savings with the click of a button
- Make easy withdrawals when you retire - set up regular withdrawals or make one-off withdrawals to your online bank account.
Low fees and commissions
The fees you pay on your super fund can make all the difference to the money you'll have in retirement. BT Super for Life's fees are 45%* lower than the average retail personal super fund. You'll pay a management fee of up to 0.99%p.a. and an administration fee of $5 a month.
- NO commissions
- NO establishment fee
- NO contribution fee
- NO withdrawal
- NO termination fee
- NO investment switching fee
Investment choices
BT Super for Life partners with some of the world's leading fund managers to offer you a diversified range of asset types and investment management styles. You have two alternatives for investing your money:
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Alternative 1 - Life Stage
We manage the money for you by changing your investment mix as you get older. This is known as a life stage fund.
If you choose to let us manage the money for you the investment mix alters depending on your age. When you are younger, you have more time to withstand ups and downs in the value of your investment, so your fund will be more growth-oriented. Over time the fund will shift to a more conservative asset mix. -
Alternative 2 – You choose
You specify an investment mix yourself by making your own choice from the investment options we offer, suited to your own investment style.
If you prefer to choose your own investment mix, you can select a mix from four different funds – Growth, Moderate, Conservative and Super Cash.
BT Benefits
We've negotiated some great deals and exclusive offers on behalf of our members. With BT Benefits you can take advantage of:
- Financial products provided by Westpac
- Travel packages, accommodation and car hire
- Travel insurance
- Health insurance
- Leisure and adventure experiences
- Gifts from premium online shopping malls
You can see the full list by logging on to BT Online.
For more information
For more information on BT Super for Life, visit the www.btsuperforlife.com.au, call 1300 653 553 or visit your local Westpac branch.
Related
*Source of 45% less statement: Super Ratings Pty Ltd, commissioned by BT and based on information as at 30 September 2011 and on a survey of average fees of a sample of retail personal super funds for an account balance of $50,000 and $5,000 contribution p.a. Fees may change in the future which may affect this outcome.
BT Funds Management Limited (BTFM) ABN 63 002 916 458, AFSL No. 233724, RSE No. L0001090 (BTFM) is the Trustee of BT Super for Life which is a part of Retirement Wrap ABN 39 827 542 991, RSE R1001327 and is the issuer of interests in BT Super for Life. A Product Disclosure Statement (PDS) for BT Super for Life and BTFM's Financial Services Guide (FSG) can be obtained by calling 1300 653 553, or visiting www.bt.com.au. You should obtain and consider the PDS and FSG before deciding whether to acquire, continue to hold or dispose of interests in BT Super for Life.
There is no charge for accepting any rollovers, however before requesting the rollover, you should check with your other fund/s to determine whether there are any exit fees for moving your benefit, or other loss of benefits (e.g. insurance cover).
An investment in the BT Super for Life Fund is not an investment in, deposit with, or any other liability of Westpac Banking Corporation ABN 33 007 457 141, St George Bank Limited (including BankSA) ABN 92 055 513 070 or any other company in the ‘Westpac' or ‘St George' Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Neither Westpac Banking Corporation, nor St George Bank Limited, is the issuer of the BT Super for Life. Neither Westpac Banking Corporation or St George Bank Limited, nor any other company in the Westpac or St George Group stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life. St. George Bank Limited is a subsidiary of Westpac Banking Corporation. On and from the date that Westpac Banking Corporation becomes the successor in law of St. George Bank Limited, any reference to St. George or St. George Bank will be a reference to St. George Bank, a division of Westpac Banking Corporation ABN 33 007 457 141. Any reference to BankSA as a division of St George Bank will become a reference it as a division of Westpac Banking Corporation.
Novel and innovative features of the BT Super for Life product are the subject of Australian Innovation Patent No. 2011101184.
Apply now
Setting up your super with BT Super for Life is easy and you can apply online in as little as 10 minutes.
