Keep your money working for you in retirement

Your super doesn’t have to stop working when you do.

  • Add to your super, and take a regular income from it as you start winding down from work 

  • Choose a payment frequency that suits you

  • Automatically invested for you according to your age, or choose your own investments from a mix of 38 different options.

Ready to get started?

We’ll adjust your investment mix as you grow older, or you can choose to personalise from a mix of 38 different investment options.

See and manage your retirement savings online with your Westpac, St.George, Bank of Melbourne and BankSA everyday banking.

It is easy to set up regular payments or make one-off withdrawals from your account to suit you.

It's easy to rollover your super from another fund before you start your pension. All we need is your TFN and other fund details and we'll do the rest. Remember there is a limit (set by the government) on the amount you can transfer into a pension. Learn about this limit.

BT Super for Life is recognised by SuperRatings for our 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.

How it works

1. When you're winding back

If you're at the age you can retire, you can start to withdraw from your super, even if you are still working, with a BT Super for Life – Transition to Retirement account.

2. When you retire

Your super doesn’t have to stop working when you do. Choose an investment strategy and payment frequency to suit you in retirement with a BT Super for Life – Pension account.

3. Easily bring all your super into one account

You can take advantage of our online rollover tool to transfer money you have in other super accounts to your new BT Super for Life account.

What fees will I pay?

At BT 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.



Administration fee

$4.66 per month + 0.28% p.a. (0.19% p.a. for Cash)1

Investment fee

Estimated 0.15% to 1.38%2 p.a.

Buy-sell spread

Estimated 0% - 0.60%2 p.a.

Indirect cost ratio

Estimated 0% to 1.23%2 p.a.

1. The Administration fee for the Cash investment option is currently $4.66pm + 0.19% pa. Refer to the Additional Information Booklet for further information.

^Includes Regulatory Change Expense Recovery (RCER) amount, performance related fees and other indirect costs incurred in managing the underlying investment assets of the investment option. Please refer to the PDS and Additional Information Booklet for further information.

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

Fund codes

BT Super for Life forms part of the Retirement Wrap

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 us on 132 135.

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 132 135 or by visiting 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 October 2020.