Fees are the enemy of your future super balance

The fees you pay on your super fund can make all the difference to the money you’ll have when you stop working. That’s why it’s a good idea to avoid account establishment fees, contribution fees, withdrawal fees and commissions.

Often superannuation accounts are plagued with these elusive fees and charges. That’s why we have focused on making BT Super for Life a competitive, low fee super account that will focus on growing your money without these unnecessary fees.

As an example, if you were to pay an extra 1% each year in fees, you could lose up to 20% from your retirement balance over the course of 30 years (See ASIC). That is a huge amount of money and could really alter your retirement plans.

So how can we help you?

If you are sick of fees and looking to make the most of your superannuation, here is how we can help you get back in order.

1. You can open a BT Super for Life account both online and in branch.
2. We will do all the paper work for you.
3. We will locate all of your previous super accounts and consolidate them for you.
4. We will never charge you establishment, contribution or withdrawal fees.

This will leave you with a single superannuation account that has 42% lower fees than the average retail super fund* - why pay more fees than you have to?