Superannuation

Sometimes it's best to get the help of a professional, so we've partnered with BT to make super much simpler with BT Super for Life. As Bank of Melbourne's wealth expert and one of Australia's leading investment managers, BT has been helping Australians protect, manage and grow their wealth since 1969.

What you get

Our lowest cost super fund

$0 commissions and contribution fees

Easy access

View and manage your super alongside your Internet Banking

Investment options

Flexible range of investment options

Insurance

Enjoy Pre-approved life insurance cover#

Exclusive offers - Benefits Now

BT Super for Life members can access exclusive offers and deals

SuperCheck

Find your super in seconds

More with BT Super for Life

  • SuperCheck - If you already have Bank of Melbourne internet banking you can complete a SuperCheck to help you find your super. If you’re not already a Bank of Melbourne customer you can complete a SuperCheck once you’ve opened a BT Super for Life account.
  • Investments - Our lifestage funds automatically adjust according to your age. Or, choose your own mix from our menu.
  • Automatic Insurance# – Insurance that gives you the potential to increase your level of cover within 90 days if you wish. Or, customise to suit your needs.
  • Benefits Now - Access to great deals and discounts on everyday items

Transparent fees

BT Super for Life work hard to give your super the best chance to grow.

  • Commissions - $0
  • Investment switching fees - $0
  • Exit fees - $0
  • Withdrawal fees - $0
  • Contribution fees - $0

What fees apply?

  • Administration and management fees - $5 per month plus 0.45% p.a. of your account balance for all other investment options (this is Nil for the Super Cash option)
  • Investment fee - 0.50% p.a. of account balance for all other investment options (this is Nil for the Super Cash option)

If you've changed jobs, postal address or name, chances are you could be one of many Australians with a legitimate share of the $11.6 billion* in lost super out there.

The good news is that it takes just 3 simple steps to track down and sort your super:

  1. Do a SuperCheck to track down your super in your internet banking with a few easy clicks. We may need you to provide a few extra details such as your TFN.
  2. Review your results and decide what is best for you. You may wish to speak with one of our super specialists on 1300 653 553 to discuss your options.
  3. If you choose to, you could open a BT Super for Life account and transfer your other super to BT.

 

In order to access Bank of Melbourne SuperCheck, you need to be registered for online banking. Once you are a customer of BT or Bank of Melbourne, you will be able to register for online banking and access Bank of Melbourne SuperCheck. BT and Bank of Melbourne are part of the Westpac Group.

You can choose how your super is invested.

1. Let us invest your super based on your age

We'll do the hard work and invest your super based on your age in a Lifestage Fund. A Lifestage Fund is a well-diversified portfolio of assets designed and managed according to your age. Over time the fund will gradually shift to a more conservative asset mix. It generally does this by decreasing its allocation to growth assets and increasing its allocation to conservative assets.

2. Choose your own investment mix

If you prefer to choose your own investment mix you can select from a range of investment options: Growth, Moderate, Conservative and Super Cash.

Bank of Melbourne customers

New customers, or I prefer not to logon

The Detail

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 1300 653 553 or by visiting bt.com.au or any Bank of Melbourne branch.

# When you open a BT Super for Life Super Account you will automatically receive low cost, pre-approved cover for Death and TPD (some eligibility criteria and age restrictions apply). Cover is subject to a pre-existing conditions exclusion. Other exclusions may also apply. Please refer to the Insurance in your Super section of the BT Super for Life Product Disclosure Statement (PDS) and the Additional Information Booklet for more information.

BTFM is a member of BT Financial Group – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac). An investment with BT Financial Group 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 BT Financial Group.

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.

*The ATO website reported $11.6bn in lost super as at 30 June 2016.

©2016 BT Financial Group – A Division of Westpac Banking Corporation. Information current as at 16 September 2016.