What is super?


Super could be the biggest asset you have in retirement. But do you understand how it works? Our video will help learn more about how your super works for you.

Next video: Boosting your super

Need more help?

Call 132 135 for BT Super support.


This video is current for the 2021/22 financial year. It references Superannuation Guarantee (SG) eligibility.

However from 1 July 2022, the SG threshold of $450 will be removed meaning all employees, regardless of how much they earn, will be entitled to receive SG contributions.  This means your employer should put 10.5% of your earnings – called Superannuation Guarantee (SG) – into your super fund.


If you’re currently working, then it’s likely your employer is also contributing to your super. 

But do you know what happens to this money, and how it might help your future self?

Super is money set aside for you, to help you live the lifestyle you want when you stop working. And the more money that goes into your super, might mean more money for you to enjoy in retirement. 

If you have retired or have begun to transition to retirement, you can access your super from your preservation age, which ranges from 55-60 year of age depending on your date of birth.

You can also access your super from age 65, even if you have not retired. 

If you’re over 18, and earn more than $450 per month before tax, then your employer should put 10% (2021/22) of your earnings – called the Superannuation Guarantee, or SG – into your super fund. This usually happens at the same time you get your pay. 

If you’re under 18 and work more than 30 hours per week, your employer should also be making Super Guarantee payments into your super fund.

While your employer is adding to your super, BT Super is putting this money into investments for you, to maximise how much super you’ll have in retirement. We’ll invest your money either in a way that you choose, or you can leave it up to us to manage in one of our Lifestage funds, designed for your age, and risk appetite.  

You can see, and change, how your super is invested logging into your BT Super online account. 

Like any investments, your super balance may go up, and down, over your lifetime. So don’t be alarmed if your balance ever decreases. Super is a long-term investment, and while investment markets can be unpredictable over the shorter term, they typically recover over the longer term.

If you ever want to add extra money into your super, you can – either before or after tax. For example, did you know that adding as little as $20 each week into your super over 25 years, could mean almost $50,000 extra in retirement?

While super is designed to help you fund your retirement, you can also use it to pay for insurance, if it suits your lifestyle or personal circumstances. Your employer might give you the option of having a standard life insurance, or total and permanent disability insurance cover within your super plan. Or you might elect to add customised additional cover, including salary continuance.

You can find out what insurance you have, or what your options are to change it, by calling us or by logging into your BT Super online account.

And don’t forget, it’s worth understanding not only what goes into your super – but also what comes out. Your super fund will charge fees for looking after your super, and for any insurance cover premiums you have. You can check the fees and charges in your Product Disclosure Document, available on bt.com.au, or by logging into your BT Super online account. 

Super is your money, for your future – so make sure you’re making the most of it.

Call us on 132 135 to take control of your super.

Live well – today and in the future with BT.  

Take control of your super today to potentially enjoy a more financially rewarding retirement. By the time you retire, your super could be one of your most valuable assets.
Even if you don’t plan to retire until you may be eligible for the Age Pension – there are small steps you can take now to secure your future after work.
SuperCheck is a no cost service that connects you to the ATO's SuperMatch service to securely find all your super accounts online. You then have the option to combine some, or all of them into your BT account.

Things you should know

This information is current as at 1 July 2022.

This information is of a general nature only and does not constitute financial product advice. Before making any decision to continue to hold or dispose of interests in any BT product, please view the relevant Product Disclosure Statement (PDS), which can be obtained by calling 132 135 or by visiting bt.com.au.

BT Super (‘Product’) is part of Retirement Wrap ABN 39 827 542 991 (‘Fund’) issued by BT Funds Management Limited ABN 63 002 916 458, AFSL 233724 the trustee of the Fund. This is general advice only and does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it. You should obtain the Product Disclosure Statement before deciding whether to acquire the Product.

AIA Australia Limited ABN 79 004 837 861, AFSL No. 230043 is the issuer of insurance cover offered through BT Super and BT Super for Life. Further information about the insurance available through BT Super and BT Super for Life is included in the PDS.