BT Super for Life - Savings
- Last updated on 15 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$78
$623
BT Super for Life was established in 2007 to service the retirement needs of members from a wide range of industries. The fund is a public offer fund and allows members from all industries to apply for membership.BT Super for Life offers an investment menu of 13 diversified options and 25 single sector options, as well as seven Lifestage options that automatically transitions the asset allocation to defensive investments as the member ages. The Pendal Sustainable Balanced option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across all balances assessed. There are no switching fees, although a buy-sell spread may apply.BT Super for Life Savings insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $3 million of TPD cover. Income Protection with a benefit period of 2 years or to age 65, covering up to 75% of salary, is available following a 30, 90, 180 or 720 day waiting period. The fund offers a range of educational material, along with phone-based advice and lost superannuation searches. Members who are also customers of Westpac, St George, BankSA or Bank of Melbourne may also manage their superannuation through their online banking account.
Admin fee $78 | Health insurance |
Administration fee (%) 0.45% | Binding nominations |
Indirect cost ratio (%) 0.14% | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.5% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
4.50% | $635 | BT Panorama - Super Full Menu | $1.3k | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
3.48% | $78 | BT Super for Life - Savings | $623 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
2.14% | $95 | BT SuperWrap - Personal Super Plan | $1.1k | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
New Fund | $78 | BT Super for Life - MySuper | $583 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
New Fund |