Benefits of BT Super for Life Insurance

You will most likely be paying around 10 percent of your income into a superannuation fund these days and for this reason you will want to be sure that you are getting as much value as possible from your investment. The end result of your retirement savings will depend not on the amount you contribute alone, or with the help of your employer, but in the actual amount that gets invested. This means it is important that you invest in a fund that you can easily keep track of whenever you feel the need to do so. The main attraction of BT Super for Life is its transparency. For instance you are able to add extra money or check your balance any time you wish to do so no matter where you are, as long as you have access to the Internet. You will also find it has fewer fees than many other superannuation plans which divert money for themselves, that could otherwise be invested for your future. To put it simply a BT Super for Life superannuation fund will:

• Protect you should something happen during your working life and again on your retirement.
• Combine all your life insurance, disability insurance and investments needs into the one fund.
• Give you tailored investments carried out by some of the most astute financial brains in the industry.
• Benefit you with its low fees meaning more of your funds are working for you.
• Find it easy to keep track of online.

Features of BT Super for Life Insurance

It is important when considering your superannuation options to ensure that your investments are always working for you. After all, it is your money and you have no doubt worked hard for it. It is therefore very important that you understand the basics of how superannuation actually works to your advantage. Therefore you may want to consider the following BT Super for Life strategies:

• Choices. You will have to consider the investment options you have. When doing this your decision should take into account the amount of time your investment will have to run, the amount of risk you carry and your own personal retirement expectations.
• Personal insurances. Your superannuation will include insurance on your life that the fund trustee actually owns on your behalf. In having your life insurance handled in this way you will obtain a tax advantage benefit from your fund, while at the same time you obtain maximum protection should you suffer any permanent or temporary disablement including death.
• Easing your transition into retirement. You can benefit from the transition to retirement rules once you are over the age of 55 years. You will be able to boost your super investment substantially if you feel you need to, or you will be able to start reducing your working hours and make up your loss of salary with withdrawals from your BT Super for Life fund.
• Contributions. You will be able to contribute to your BT Super for Life fund from many different sources. Most contributions are made from your before tax salary such as that contributed by your employer, or with money you put in yourself from your take home pay.
• Taxation benefit. Money earned from any non-superannuation investments are mostly added to your taxable income. Superannuation investment however can give you a taxation benefit if your income is taxed at more than 15 percent. The higher your marginal tax rate the better your taxation relief. The life insurance component can also give a taxation benefit as far as the premium payments are concerned.

You will benefit from BT Super for Life when you and your financial adviser work out the best way to arrange your flexible options, which will customise your superannuation policy to suit your specific needs. It consolidates all your insurance and investment needs while allowing you to keep track of what is happening on a day by day basis online as well as making your taxation returns that much simpler.

Discover more about this excellent insurance product by making an enquiry in the three-step form below.