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Personal Super Fund profiles
| BT Lifetime - Personal Super |
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Overview:
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BT Lifetime – Personal Super is a flexible super product with a wide range of investment choices allowing members to take control of their investments and plan for the lifestyle needs in retirement. The BT Lifetime Super Fund is a regulated super fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (SIS). The Trustee is a member of the BT Financial Group of Companies. BT Financial Group (BT) has been helping Australians create and manage wealth since 1969. BT’s core business is providing investment, margin lending, superannuation and retirement income products. As at March 2007 BT managed and administered more than $90 billion. In both Australia and New Zealand, BT provides a diverse range of investment choices, including funds managed by BT’s own team and through alliances with global investment managers. BT is the wealth management arm of the Westpac Group. Westpac has been delivering banking and other financial services to Australians since 1817. |
| Year of Establishment: |
1984 |
| Value of Funds: |
$2.7 billion (as at June 2007) |
| Key Features: |
- Accepts:
- Pre-tax personal contributions
- After-tax personal contributions
- Spouse contributions
- Employer Contributions
- Contributions relating to CGT small business concessions
- Directed Termination Payments
- Superannuation Guarantee Vouchers
- Government co-contributions
- Superannuation benefits from other complying superannuation funds
- Personal injury settlements or orders
- Contributions relating to CGT small business concession
- Minimum investment $3,000
- Minimum switching amount - Nil
- Minimum withdrawal - Nil
- 24 investment options covering different asset classes and investment styles
- Regular reporting and on-line access to your account & other BT Services
- Contribution Methods:
- Cheque
- BPAY
- Payroll deposits
- Employer Deposit books
- Direct Debits
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Administrator: |
BT Financial Group (BT) |
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Auditor: |
Pricewaterhouse Coopers |
| Custodian: |
HSBC |
| Asset Consultant: |
Watson Wyatt |
| Insurer: |
American International Assurance Company (Australia) Limited |
| INVESTMENT OPTIONS |
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Note: Further Investment Options are available within the fund |
| BT Australian Share |
Invests primarily in Australian Shares |
| BT Future Goals |
Invest in a high mix of growth assets |
| BT Property Securities |
Invests primarily in listed property trusts and property related companies |
| Colonial First State Australian Shares |
Diversified portfolio of shares in Australian companies |
| Merrill Lynch Balanced |
Predominately invests in growth assets |
| MLC Growth |
Focuses on growth assets through high exposure to shares |
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Multi-manager Growth |
Invests in a high mix of growth assets with limited exposure to defensive assets |
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BT International Share |
Invests in a selection of international shares |
| BT Balanced Returns |
Mix of growth & income producing assets |
| BT Conservative Outlook |
Invests mainly in fixed interest & cash with some exposure to shares & property | |
|
INVESTMENT PERFORMANCE |
Performance to 30 June 2007 |
|
1yr |
3yr |
5yr |
| Multi-manager Growth |
16.14% |
14.20% |
10.80% |
| BT Future Goals |
14.01% |
14.79% |
10.43% |
| BT Property Securities |
21.13% |
16.85% |
15.18% |
| Colonial First State Australian Shares |
19.11% |
21.92% |
15.34% |
| Merrill Lynch Balanced |
12.22% |
13.32% |
9.10% |
| MLC Growth |
15.57% |
14.44% |
10.42% |
| BT Australian Share |
22.77% |
23.52% |
16.98% |
| BT International Share |
7.42% |
9.90% |
3.60% |
| BT Balanced Returns |
11.43% |
12.14% |
9.11% |
| BT Conservative Outlook |
7.06% |
8.16% |
6.68% | |
| Insurance Available: |
Death, Death/TPD. |
| Extra Benefits: |
Financial Adviser referral program, Financial Seminars, Online Account Details, Online Transactions, Contributions splitting, Estate Planning - choice of binding or non-binding nomination. |
| Communications: |
Newsletters, Publications and Monthly Investment Performance available on website. |
| FEES |
| Contribution Fee |
Nil for BT Cash, 0-4% for all other portfolios |
| Withdrawal Fee |
Nil |
| Management Cost |
1.03% - 2.23% p.a. |
| Management Cost - investment fee (% p.a.) |
Included as part of ongoing management fee |
| Management Cost - other |
Expense Recoveries 0.01% - 0.51% |
| Switching fee |
Nil, however a Contribution Fee of 0% to 4.0% may apply if switching from the BT Cash Investment Option to another Investment Option |
| Other |
A buy/sell spread of between Nil for BT Cash up to 0.60% for BT Australian Share applies | |
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