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How to apply

BT Super for Life

Sometimes it is best to get the help of a professional, so St.George has partnered with BT Super for Life to help you sort out your super.

  • Super and everyday banking together
  • Open a BT Super for Life account before 30 November 2014 and receive a $50 voucher.
  • Intelligent investment options with award-winning performance1
  • Simple fee structure
  • Easy consolidation of your super2
  • Turn credit card points into super
  • Flexibility and easy management
  • Easy to set up
  • Pre-approved life insurance cover with no forms or medicals to complete3
  • Tax effective life insurance paid directly from your BT Super for Life account4.

 

Access to your super via Internet Banking

  • Simple access to your super and bank accounts with a single password
  • View your account balance online
  • Top-up your super from your savings at the click of a button
  • Manage your super with ease - change your investment options, view your transaction history and fund performance
  • Make easy withdrawals when you retire - set up regular withdrawals or make one-off withdrawals to your bank account

Branch Advantage™ to help consolidate your super2

Visit us in branch and we can help you:

  • Avoid the paperwork
  • Open your new BT Super for Life account
  • Track down your old super accounts
  • If you have multiple super funds help you combine your super2

This means no confusing forms, paperwork or calling old super funds. We will do everything required to open your new account and consolidate your old ones in branch for FREE!

Tax-effective life insurance

  • Insurance cover paid tax-effectively from your superannuation
  • Insurance cover that you don't need to budget for
  • 'No-questions-asked' Death and Total & Permanent Disability cover
  • Additional option of Customised cover which includes Salary Continuance Insurance

One fund for life – made up of three sub accounts

Depending on your stage in life open your account as one of the following:

 

Let BT manage your money for you

  • We invest your super according to your age and change your investment mix as you get older. This is known as a lifestage fund
  • When you are younger, your fund will be more growth-oriented. Over time the fund will shift to a more conservative asset mix
  • Information on the BT Super for Life - MySuper Lifestage Funds

Choose your own investment options

  • Specify an investment mix yourself by making a choice from the investment options we offer, suited to your own investment style
  • Select from four different funds - Growth, Moderate, Conservative and Super Cash

Low, transparent fees

  • No switching, establishment, contribution, withdrawal, termination fees or commissions

Administration fee

  • Nil for Super Cash option
  • $5 per month plus 0.45% pa of account balance for all other investment options

Investment fee

  • Nil for Super Cash option
  • 0.50% pa of account balance for all other investment options

Indirect cost ratio - Stronger Super expense recover and superannuation levy

  • Up to 0.10% pa*

How to combine your super

The average Australian has multiple super funds. That's extra fees you could be saving if you just had the one account. We can take the hassle out of tracking down and combining your super2; just visit us in branch and we'll organise it all for free. We call that our Branch Advantage™.

Visit us in branch with:

  • Your tax File Number
  • Any old super statements you might have lying around
  • ID like a passport and driver’s license

Just remember:

  • Your current fund may have withdrawal or exit fees applicable. Check what fees may apply before you proceed and determine whether closing the account is the right strategy for you.
  • Insurance cover – do you already have life insurance as part of your super fund? That cover will cease once you close the fund. Consider setting up appropriate insurance on your new, combined account.

Find your nearest branch.

  • If you are an existing St.George customer and you have registered for Internet Banking, Logon and open your account.

Requirements

  • It takes about 10 minutes to set up your account and you’ll need your Tax File Number

What you'll need to apply

Important information

This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs.

* This amount hasn't been determined for the financial year before this information was issued. It has been included as an estimate of what the indirect cost ratio may be for the 2013/2014 financial year. Additional fees and costs may apply. Please refer to the ‘Fees and Costs’ section of the BT Super for Life Additional Information Booklet.

More on $50 voucher:
To be eligible for the $50 retail voucher offer, you need to open a BT Super for Life account online between 15 September 2014 and 30 November 2014. Only one $50 retail voucher for each eligible customer is available in the offer. Existing BT Super for Life members are not eligible for the offer. Terms and conditions apply to the validity of the retail Voucher, according to that retailer. It can take up to eight weeks for you to receive your voucher. You should consider whether or not BT Super for Life is appropriate for you.

1. Advance Asset Management manages the BT Super for Life Lifestage funds and is Money magazine’s Best Fund Manager for 2012 and 2013.

2. There is no charge for accepting any rollovers, but before requesting a rollover, you should check with your other fund/s to see if there are any exit fees for moving your benefit, or other loss of benefit (e.g. insurance cover). There may be limited circumstances where your employer is not required to accept your Choice of Superannuation fund form, e.g. If you have already exercised Super Choice in the last 12 months.

3. An exclusion applies for any claim related to a pre-existing medical condition you have when you open your BT Super for Life account.

4. The 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 their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.

BT Funds Management Limited ABN 63 002 916 458 is the issuer of interests in the BT Super for Life which is a part of Retirement Wrap ABN 39 827 542 991, RSE R1001327. You can download a Product Disclosure Statement (PDS) and Financial Services Guide (FSG), or obtain a copy by calling 1300 653 553, or visit any St.George branch. You should obtain and consider the PDS and FSG before deciding whether to acquire, continue to hold or dispose of interests in the Fund. An investment in BT Super for Life is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (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. Neither Westpac nor any other company in the Westpac Group has issued, stands behind or otherwise guarantees the capital value or investment performance of BT Super for Life.

Novel and innovative features of the BT Super for Life product are the subject of Australian Innovation Patent No. 2011101184.