Understanding Super

Superannuation. It's nearly 10% of every dollar that you earn.

It's your hard-earned money, and someday you're going to need it. So it's important to make sure that your super is always working hard for you.

The good news is that understanding the basics about how super works will really help you make the most out of it, and there are some simple strategies that can make a big difference to your overall retirement savings.

  • Tax-effective investment - With super earnings subject to a maximum tax rate of only 15%, super is specifically designed to be the most tax-effective form of saving for your retirement. Learn More
  • Consolidating your super - By rolling all of your super into one fund you not only reduce paperwork, you could also save on unnecessary account keeping fees... Learn More
  • Finding lost super - If you've had more than one job or have ever moved house, there's a chance that you have more than one super fund. Combining them could really boost your savings. Learn More
  • Contributions & Co-contributions - There are many ways you can add to your super. And if you add extra, you may be eligible for a government co-contribution as well. Learn More
  • Transition to retirement strategy - There's no reason to stop working if you're not ready and you don't need to be fully retired to access part of your super. Learn More
  • Insurance through super - Arranging life insurance via your super fund can be a tax-effective way of protecting your loved ones in the event that something happens to you. Learn More
  • Choosing your investment options - Your super strategy can be tailor-made to you - based on the length of time you are investing, your age and risk current profile. Learn More

Learn more about Super and Retirement

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.

*Source of 47% less statement: Super Ratings Pty Ltd, commissioned by BT and based on information as at 30 May 2010 and on a survey of average fees of a sample of retail personal super funds for an account balance of $50,000 and $5,000 contribution p.a. Fees may change in the future which may affect this outcome.

** There is no charge for accepting any rollovers, however before requesting the rollover, you should check with your other fund/s to determine whether there are any exit fees for moving your benefit, or other loss of benefits (e.g. insurance cover).

BT Funds Management Limited ABN 63 002 916 458 is the issuer of interests in the BT Super for Life (Fund). A Product Disclosure Statement (PDS) and Financial Services Guide (FSG) is available by calling 1300 653 553. 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 or BankSA (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.