BT Super for Life - Retirement account

With a BT Super for Life - Retirement account, accessing your money in retirement is easy. With your super and online banking together in one place, you can make regular and one-off withdrawals from your super straight into your everyday banking account at the click of a button - all the while minimising tax on your investment earnings.

How does it work?

The account is opened with an initial sum from your super savings, from which you can make withdrawals as you need.

The regulations also set a minimum percentage that needs to be withdrawn each financial year. We can set this up automatically for you so it's one less detail you'll have to worry about.

With features like low fees and no commissions, and the ability to choose an investment strategy that suits you, the BT Super for Life - Retirement account makes your retirement savings work even harder.

Is it right for me?

This account may suit you if:

• You are 65 or over, or
• You are 60 or over and have left an employment arrangement since turning 60. You may have already started working for another employer or plan to do so in the future, or
• You are 55 or over, and do not intend to work more than 10 hours a week in the future, or
• Regardless of age, your superannuation is unrestricted non-preserved.

Depending on your situation, you may be able to hold two account types at the same time. For example if you start working again you could open a BT Super for Life - Savings account so that you or your employer can still add money to your super.

Download the PDS for further information on this account or a Financial Services Guide for information about the types of services we can offer you.