It’s really important to understand that these results don’t take into account your personal objectives, financial situation or needs.
Think about what’s right for you before taking action.
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The ATO requires employers to have a nominated default super fund, which is where the employer can pay super for employees who can’t or don’t choose their own super fund.
If you want more investment choice, then one option to consider is managing your own super in a ‘self-managed super fund’ (SMSF).
With an SMSF, you get the broadest investment choice possible, but you are also responsible for keeping your fund compliant and organising the tax and audit each year.
Remember, this tool doesn’t take into account your personal or financial objectives, situation or needs.
You want an employer super plan so you can meet your business super obligations with ease.
It means you might consider a super plan which offers:
Easy management and simple super payments
Insurance for eligible employees
No cost to your business
As an Australian employer you are required to pay at least 9.5% of an eligible employee’s earnings into their choice of complying super fund. We’ve included answers to some of the most commonly asked questions in this article.
Answer a few simple questions to help you check if you’re meeting your business super obligations and doing the right thing for your people. It only takes about 5 minutes.
You like being in the driver’s seat and want more flexibility than a standard super fund.
You might consider a fund which gives you:
While saving for retirement can seem somewhat daunting, there are a few simple strategies to use when planning your best financial future.
You want to choose the individual investments in your super.
You might consider a fund which gives you:
You want to choose how your super is invested without the admin responsibilities of an SMSF.
You might consider a fund which gives you:
You want some say in how your money is invested, and want to leave the management with professionals.
You might consider a fund which gives you:
You’re happy to have your super managed by professionals and like to know that you can check in on its progress.
You might consider a fund which gives you:
The Super Type tool (‘Tool’) is made available by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (‘BTFM’).
By clicking on this button, you agree to the following terms and conditions:
the Tool and Super Type are provided for general information and guidance purposes only, and accordingly should not be considered a comprehensive statement on any matter or relied upon as such. The Super Type Tool nor the Profile generated by the Tool should be relied on for the purposes of making any financial recommendations or an investment decision, and should not be treated as a substitute for financial advice;
all information collected will be used solely for the purpose of using this Super Type Tool, producing a Profile, emailing you a copy of your Profile (if requested) and employer research and collected in accordance with the BT Privacy Policy, as relevant;
the information generated by the Super Type Tool and the Profile generated by the Tool must not be copied, used, reproduced or otherwise distributed or circulated to any person without the prior written consent of BTFM; and
BTFM does not give any representation or warranty as to the accuracy, reliability or completeness of information which is contained in, or results provided by, this Super Type Tool or the Profile generated by the Tool, and except to the extent any liability cannot be excluded under law, none of BTFM or any of its related bodies corporate, or any of their directors, employees, contractors or agents, accept any liability for any error or omission in the Super Type Tool or Profile generated by the Tool or for any loss or damage suffered or incurred, directly or indirectly, by the user or any other person as a result of or in connection with the Super Type Tool or Profile generated by the Tool.
Sustainable investing is a long-term investment approach that incorporates environmental, social, and governance (ESG) factors into the investment process.
It’s an approach to investing that explores further to reveal broader risks and help to identify greater opportunities.
When we’re making investment decisions on your behalf, we look at the long-term impact of those investments, which may include any environmental, social and governance (ESG) issues.
BT’s approach to sustainable investing (also referred to as responsible investing) is outlined in our Responsible Investment Position Statement.
These are also called stocks or listed securities and are a part ownership of a company. Their value can change and depends on a range of factors including how the company is run, market share and profitability.
These are a bundle of diversified investments that are managed by a professional. It includes:
Exchange Traded Funds (ETFs) - are a managed investment that is listed on the share market, meaning they can be bought and sold like shares.
Managed Accounts - a mix of assets is bought specifically for you and you are the “beneficial owner” of all the investments in your portfolio.
Managed funds – a large pool money from many investors, managed as a single group. You purchase a ‘units’ of the fund.
Learn more about managed investments
There is more to this asset class than houses or units. Residential and commercial property share similarities such as the ability to generate relatively higher longer term returns through rental income and thepotential for long term capital growth - but there are also quite distinct differences.
Cash offers a relatively safe and secure investment – often with the ability to access your money at very short notice, and this means cash can play a valuable role in your portfolio. The key downside of cash is that your money won’t generate capital growth.
Learn more about cash and term deposits
Generally, the higher the level of risk you’re prepared to accept, the higher the potential returns or losses.
Growth assets, such as shares and property, are generally considered the most volatile assets – ie they’re likely to experience greater fluctuations in value than defensive assets, such as fixed interest and cash. (Figure 1)
If you’re uncertain of the amount of risk you would be comfortable with, the BT Risk Profile tool can assist you in setting your risk levels. See the BT Risk Profile tool.
Once you understand the risk level that might be right for you then you might consider choosing one or a mix of our ready-made investment options. (Figure 2) You can select the level of risk and potential level of return you earn from a range of Defensive to High Growth options, while leaving BT to pick and mix the underlying investments for you.
Westpac and BT – we’re here to help.
As part of Westpac Group and one of Australia’s leading wealth experts, BT has been helping Australians build and protect their wealth since 1969.
The information shown on this site is general information only, it does not constitute any recommendation or advice; it has been prepared without taking into account your personal objectives, financial situation or needs and you should consider its appropriateness with regard to these factors before acting on it. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and our interpretation. Your individual situation may differ and you should seek independent professional tax advice. You should also consider obtaining personalised advice from a professional financial adviser before making any financial decisions in relation to the matters discussed hereto.
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