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Why BT Super for Life?

Super you can see
10% of your hard earned salary is super. So keep track of it next to your other accounts in Westpac Online Banking.
Super sized to fit
Choose where your superannuation is invested or let us adjust your investments mix to suit your age. 
Sustainable super
Choose investment options recognised by SuperRatings in 2020 for their responsibility to the planet.
Super that skips the exam
Give the medical exam a miss but still enjoy in-built insurance1 (for eligible members only). 

When you're working

Choose how your super savings are invested by either leaving it to us or selecting your own investments from 38 different options. Make regular contributions and track your super grow over time with a BT Super for Life account.

When you're winding back

If you have reached your preservation age (age 55-60 depending on your date of birth) and are thinking more about retirement, you can start to withdraw from your super, even if you are still working, with a BT Super for Life – Transition to Retirement account.

A Transition to Retirement account can either supplement your income as you wind back from full time work or be used to boost your super balance using the allowable tax concessions while you keep working.

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.

 

The details

  • This account is for anyone looking for a simple super account that is easy to join, manage, and grow.
  • Living in Australia when applying for an account 

 

How to get started

Open your account

Just enter your details, Tax File Number, and select your preferred investment and insurance options. It takes five minutes – even quicker if you sign into Westpac Online Banking. 

Tell your employer

Once you’ve signed up, you’ll have access to our Super Concierge Tool that helps you easily tell your employer to pay your super into your BT account.  

 

Consolidate your super

Saving on fees and admin? Yes please.* Remember, you can consolidate your super online with the BT Rollover Tool.

No paperwork required. 

Annual Performance Assessment

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

 

Get started

Set up an account in 5 minutes

 

FAQs

If you're working and saving for retirement, a BT Super for Life account allows you or your employer to add money to your superannuation with ease. A BT Super for Life account can be held by anyone old enough to access Online Banking. There is no maximum age; however conditions regarding contributions apply from the age of 67.

Annual Performance Assessment

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

 

 

Important information

This page 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 taking any step. You should obtain a Product Disclosure Statement (PDS) for BT Super for Life and consider it before making any decision about it.

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 PDS for BT Super for Life can be obtained by calling 132 135 or by visiting bt.com.au.

#You receive standard insurance cover for Death and Total & Permanent Disability (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 132 135.

1 The Administration fee for the Cash investment option is currently 9.00% p.m. + 0.24% p.a. Refer to the Additional Information Booklet for further information.

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

BTFM is a related entity of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac). An investment with BTFM is not an investment in, deposit with or any other liability 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 disability claim. Please check to see if you are covered before submitting your application.

Information current as at 1 March 2021.

 

 

St.George has partnered with BT

Sometimes it's best to get the help of a professional, so we've partnered with BT – St.George’s wealth expert and one of Australia’s leading investment managers. BT has been helping Australians protect, manage and grow their wealth since 1969.