About BT Super for Life

  • A super account that’s easy to take from job to job and into retirement

  • We'll invest it for you or choose to invest in 38 different options

  • Get exclusive offers on everyday things like movie tickets, holidays, insurance, shopping and more.

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Our Lifestage Funds change with you. We’ll invest to grow your super money while you’re younger, and adjust the risk level over time to help protect your nest egg as you get closer to retirement.

Manage your super online with your Westpac, St.George, Bank of Melbourne and BankSA everyday banking.

Get peace of mind with pre-approved standard cover for eligible members. Pre-existing conditions exclusions apply. 1

BT Super for Life is Infinity Recognised for 2020 by SuperRatings for our sustainable behaviour and responsible investment principles. We offer sustainable investment options that consider economic, social and environmental impacts.

With Benefits Now, you can get access to offers, special deals and discounts on the big and little everyday things that matter from some leading retailers.

Why pay extra fees?

At BT Super for Life we work hard to give your super the best chance to grow. No commissions, withdrawal or contribution fees means more money in your super account.

Fee

Amount

Administration fee

$6.50 per month + 0.45% p.a.

Investment fee

Estimated 0.15% to 1.38%2 p.a.

Buy-sell spread

Estimated 0% - 0.84%2 p.a.

Indirect cost ratio

Estimated 0% to 1.28%2 p.a.

The above is a summary only of the fees and costs and current as at 1 June 2020. Other fees and costs may apply depending on investment, insurance and advice decisions. Please refer to the PDS and Additional Information Booklet for further information. 

Insurance cover

There are two insurance options available to eligible members of BT Super for Life.

1. Standard cover

Eligible members will receive pre-approved Standard cover when they open a BT Super for Life account – this provides insurance cover for Death and Total and Permanent Disablement (TPD) insurance. There is no need to complete medical checks. The amount of insurance cover when activated is based on the member’s age, and the cost of the insurance cover is based on both the member’s age and gender. 

NOTE: Please be advised that this insurance cover, and the payment of an eligible insurance claim, is subject to a Pre-existing condition clause. Other exclusions may also apply. Please refer to the PDS and Additional Information Booklet for more information about exclusions that apply to Standard cover.
 

2. Customised cover

An eligible member can apply for up to three insurance options based on a combination of Death Only, Death and Total and Permanent Disablement, plus Salary Continuance Insurance cover (sometimes referred to as Income Protection insurance). The member is given flexibility regarding the amount of insurance cover they can apply for, however approval is not guaranteed and is dependent on the results of a medical assessment. The cost of the insurance cover when activated will be based on the member’s age, occupation, gender, smoker status, pastimes and pursuits and the type and amount of cover requested.

Fund codes

BT Super for Life forms part of the Retirement Wrap

SPIN BTA0287AU
ABN 39 827 542 991
RSE R1001327

Trustee BT Funds Management Limited 

ABN 63 002 916 458
AFSL 233724
RSE L0001090

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Things you should know

BT Super for Life Product Disclosure Statement
BT Super for Life Financial Services Guide
BT Super for Life Additional Information Booklet

The information shown on this site 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. 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.

1 You receive standard insurance cover for Death and Total & Permanent Disablement (TPD), without the need for a medical assessment, when you open a BT Super for Life – Super account (subject to eligibility criteria and you having money in your account). Cover is subject to a pre-existing conditions exclusion. Other exclusions may also apply. Please refer to the Additional Information Booklet for more information about ‘What exclusions apply to Standard Cover'. If you want to apply for additional insurance cover, including Salary Continuance Insurance (SCI) cover, call our super specialists on 1300 653 553.

The fees and costs payable depend on the investment option you choose – refer to the Additional Information Booklet for further information.

Westpac SuperCheck involves a search for superannuation being undertaken by BT Funds Management Limited ABN 63 002 916 458, AFSL No.233724 (BTFM), the trustee and issuer of interests in BT Super for Life, which is a part of Retirement Wrap ABN 39 827 542 991. A Product Disclosure Statement (PDS) for BT Super for Life can be obtained by calling 1300 653 553 or by visiting bt.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose interests into BT Super for Life.

BTFM is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 (Westpac). An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac, St.George Bank, BankSA or Bank of Melbourne (which are Divisions of Westpac), or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of an investment with BTFM.

Before requesting a rollover, you should consider where your future employer contributions will be paid (if your employer contributions are currently being paid to another fund) and check with your fund(s) to determine whether there are any fees, including exit or withdrawal fees, for moving your benefit, or other loss of benefits (e.g. insurance cover), noting that you may not receive the same type or level of benefits after the rollover. If you have a pre-existing medical condition you may not receive a benefit for a death or Disablement claim. Please check to see if you are covered before submitting your application.

Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. 233728 is the issuer of insurance cover offered through BT Super for Life. Further information about the insurance available through BT Super for Life is included in the PDS.

Superannuation is a preserved asset subject to conditions of release. You will need to satisfy a condition of release to access these funds.

Information current as at March 2020.