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.

Learn more about how our super has performed across FY21.

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

$9.00 per month + 0.28% p.a. (0.24% p.a. for Cash)2

Investment fee

Estimated 0.10% to 1.38%3 p.a.

Buy-sell spread

Estimated 0% - 0.60%3 p.a.

Indirect cost ratio

Estimated 0.05% to 0.49%3 p.a.

The above is a summary only of the fees and costs and current as at 1 July 2021. 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

BT Super for Life accounts can provide insurance to help if you become ill, injured – or worse.

  • Some cover is provided without medical checks to eligible* members.

  • Insurance fees are paid from your super balance.

  • You can access wellbeing and rehabilitation programs, to help you get back to the life you enjoy.

What types of insurance are available?

When you join BT Super for Life, pre-approved Standard insurance cover will automatically start for eligible members1 when your account balance reaches $6,000, provided you are 25 or older. 

But you can tell us if you want insurance cover to start earlier, or if you don’t want insurance cover in your account.

1. Standard cover

You will receive pre-approved Standard* cover when you open a BT Super for Life account. This provides insurance cover for Death and Total and Permanent Disablement (TPD). There is no need to complete medical checks. When activated1, the amount of insurance cover will be based on your age – and the cost of the insurance cover will be based on both your age and gender.

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

2. Customised cover

You can apply for up to three insurance options based on a combination of Death Only, Death and Total and Permanent Disablement (TPD), plus Salary Continuance Insurance cover (sometimes called Income Protection insurance). You can apply for the type and amount of cover you want, but approval depends on meeting any applicable eligibility conditions, the results of a medical assessment and acceptance by the insurer. If the application is approved and the insurance cover has been activated1, the cost of the insurance cover will be based on your age, occupation, gender, smoker status, pastimes and pursuits and the type and amount of cover requested.

1 Please refer to the Product Disclosure Document (PDS) and Additional Information Booklet for details about insurance, the eligibility terms and conditions, and when cover is activated.

Who is the insurer?

Since 1 July 2020, we have partnered with AIA Australia Limited (AIA) to bring our BT Super for Life members help when they need it most.

AIA is an award-winning global insurer with over 47 years’ experience in Australia. Their claims philosophy is simple – helping members when they need it most and making sure every claim that should be paid is paid at the right time. Together with AIA, we can provide a range of programs to support your health and recovery.

Find out more about AIA and how we help our members

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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Annual Performance Assessment

It is important to note that our MySuper Lifestage investment options failed the Government's 2021 annual performance assessment. Learn about what we're doing in response.

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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

Target Market Determinations for this product is available at bt.com.au/tmd

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 us on 132 135..


2 The Administration fee for the Cash investment option is currently $9.00pm + 0.24% pa. Refer to the Additional Information Booklet for further information.

3 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.

AIA Australia Limited ABN 79 004 837 861, AFSL No. 230043 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 1 March 2021.