To invest, complete the application form attached to or accompanying the relevant disclosure document, a copy of which can be obtained by phoning 2 5. Bt lifetime super employer plan, corporate master trust, 7. Overview brand management advertising ambassador program. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members and have done the most to improve this over the past year. Before you make an investment decision it is recommended you obtain professional financial advice from your financial adviser tailored to your personal circumstances.
Flexiblelifetimesuper productdisclosurestatement issued. Investors in bt lifetime flexible pension may establish an additional investment by filling out the application form contained in the pds and mailing this with their investment. This update is issued by bt funds management limited abn 63 002 916 458 afsl no. Pension savers face threat of 55% tax when they come to retirement people who build up large pension pots could face high charges due to savings limit changes. Choosing a super fund is difficult enough, and its not helped by the fact there are hundreds of different super funds offering seemingly identical products. Annuities provide a secure guaranteed income, for your lifetime or a fixed term of your choice. Go to the pay details screen and click on the additions tab. Or alternatively, the total of any dividends andor distributions debited from your pension plan as a result of assets transferred to another superwrap account. I have had multiple superannuation companies over my working life none perfect but. Refer to the flexi pension pds for further information. A flexible pension is a pension plan that allows employees with a defined benefit pension to make voluntary contributions to acquire or improve ancillary benefits. Pension plan as a result of assets transferred from another superwrap account. Flexible pension provision human resources university of. Alternatively, if the annual allowance charge is more than.
Bt classic lifetime flexible pension plan bt super fund. Flexible spending account lifetime benefit solutions. Compare bt superwrap allocated pension plan and other pension funds products at ratecity, australias leading comparison site. Fund abn fund name usi spin product name contribution.
It requires us, standard life, to give you this important information to help you decide whether our flexible pension plan is right for you. To help you better understand what super funds are available, on this page you can find a list of all super funds that are regulated by apra. Oneanswer personal super offers a comprehensive range of investment funds providing the flexibility to tailor an ideal investment solution for your clients. Pension savers face threat of 55% tax when they come.
Pension savers face threat of 55% tax when they come to. This update is issued by bt funds management limited. Why are you proposing to increase bts contribution rates in the btrss. Bt lifetime personal super flexible pension pdf 258 kb financial year ended june 30 2019. Effective january 1, 2014, members were no longer allowed to make flex. Today its a well known fixture of australian financial services, offering a range of insurance.
If you have not already done so you should create an addition for each payment type. This spds is dated 1 july 2014 and supplements the information contained in the bt protection plans product disclosure statement and policy document which has an effective date of 19 may 2014 pds. Mar 05, 2020 bt life insurance has a long and interesting pedigree in australia, running back to 1969. Updating the information in the superwrap product disclosure. For more information on what these details describe, please scroll down for a more detailed description. Flexible lifetime protection step 1 making an informed decision this document sets out important information that you should know about flexible lifetime protection, including the benefits, features and options available under each plan. Please read this pds to understand the protection plans policy. Hmrc pension schemes newsletters give more information about the reporting of these payments. Flexible pension plan key features 0112 this is an important document. Bt super for life is a super account thats integrated with your online banking and is.
And, if your employer is providing our health care spending card, its even easier. Our software allows you to spend less time and money on administration with no expensive customization, large upfront costs, or investment in infrastructure required. The circumstances where a lifetime allowance test occurs are referred to. If you use your ssn to log in, please create a personalized username for added security.
Lifetime benefit solutions offers three different types of fsa accounts and a qualified transportation reimbursement. A pension fund with 4 apples is a high quality fund a 3 apple rating bronze is the third highest rating from chant west. Just swipe the card at the doctors office or pharmacy, and youre all set. Bt super for life forms part of retirement wrap the fund abn 39 827 542 991 and is issued by bt funds management limited abn 63 002 916 458 afsl 233724 btfm, trustee, we, us, the trustee of the fund. An account based pension is a retirement product that provides regular income until death or until your account is exhausted please note this may not provide you with a pension for the rest of your life. A guide to your superwrap pension plan or term allocated pension plan annual statement for 30 june 2019. Bt life insurance has a long and interesting pedigree in australia, running back to 1969. The btrss is now our primary pension scheme, having more employee members than the btps. Updating the information in the ewrap superpension product disclosure statement and additional information booklet this update, dated 1 july 2019, relates to the ewrap superpension product disclosure statement as updated or supplemented pds and additional information booklet aib. A product disclosure statement pds is available for bt classic lifetime personal super and bt classic lifetime flexible pension and can be obtained by calling 2 5. The uk pensions awards now in their 23rd year remain the industrys most prestigious accolades. As a large provider it can offer a range of flexible options, and products to meet. Bt classic lifetime flexible pension plan bt super.
A guide to your superwrap pension plan or term allocated. All westpac super and retirement accounts listed on one page. The administrator of bt portfolio superwrap essentials is bt portfolio services ltd. The lifetime allowance was introduced in 2006 at a level of. Challenger life is australias largest provider of annuities. Lifetime benefit solutions is a national leader in developing and delivering healthrelated benefits plans partnering with our customers to deliver value and promote employee health and wellness.
A product disclosure statement or pds is a document. A product disclosure statement pds is available for bt mps and can be obtained by calling bt support on 0 881 716, or visiting. Bt westpac financial services ltd abn 20 000 241 127 afsl 233716 is the responsible entity of bt managed portfolios bt mps. Amp flexible lifetime personal super, retail master trust, 22. Bt portfolio superwrap essentials information brochure personal super plan pension plan term allocated pension plan product disclosure statement pds the distributor of bt portfolio superwrap essentials is westpac banking corporation. Btps, avcs, freestanding avcs, past employers registered pension schemes or personal pension arrangements exceed the lifetime allowance, you will be required to pay a lifetime allowance charge. L0001076 is the trustee of bt classic lifetime personal super and bt classic lifetime flexible pension abn 68 324 870 141, rse r1003925 and is the issuer of interests in bt classic lifetime personal super and bt classic lifetime flexible pension. We want our people at bt to build up retirement benefits that are fair, flexible and also affordable to both you and bt. Check the performance and unit prices of flexible lifetime allocated pension, one of amps retirement funds.
Fund abn fund name usi spin product name contribution restrictions. The abn for the bt classic lifetime flexible pension plan product is 68324870141. However, if the total value of your retirement benefits from all sources i. One of the biggest complaints from employees with defined benefit pension plans is a lack of rrsp contribution room. The usi for bt classic lifetime flexible pension plan is rfa0126au. Oneanswer personal super is a complete superannuation solution designed to support your clients in maximising and protecting their wealth. Bt protection plans supplementary product disclosure. We want to make sure it remains a competitive and attractive. The offers are contained in the relevant prospectus, product disclosure statement pds or other disclosure document.
Bt business super investment options bt lifetime flexible pension investment options bt lifetime super employer plan investment options bt lifetime personal super investment options investment options for bt classic lifetime personal super investment options for bt classic lifetime. Bt classic lifetime personal super flexible pension pdf 218 kb. Product disclosure statements the information contained in this list is general information only and does not take into account your personal objectives, financial situation andor needs. For policies held inside superannuation, the cover as provided under the. Rse r1003864 and bt lifetime flexible pension abn 83 953 436 008. If the change to the information in the product disclosure statement is materially. Bt protection plans offer you a comprehensive and flexible range of. This means your pension scheme benefits would be reduced.
A product disclosure statement pds and financial services guide fsg is. If youre not eligible for a bip, then read the flexi pension and commercial rate indexed pension crip pss for information about unisupers other retirement income products. Bt portfolio superwrap essentials information brochure. Our notice explains how we use cookies and how you can manage them. Work out how a challenger lifetime annuity could give you more certainty in retirement. Flexible pension options nova scotia teachers union. For more information on our documents and downloads, contact us and speak to one of our bt super specialists call 2 5. Introduction 5 about this pds 6 types of cover available in bt protection plans 7 applying for bt protection plans 8 were here to help when you need it 8 features of your policy 9 paying for your insurance 10 ownership options 11 policy structures 12 about your policy chapter 2.
Portfolio solutions ewrap superpension spds 1 this spds, dated 1 july 2016, supplements information contained in the product disclosure statement pds dated 1 july 2014 for portfolio solutions ewrap superpension abn 90 194 410 365. Bt lifetime flexible pension investment options bt financial group. Bt lifetime super employer plan investment options. Bt is a provider of superannuation, life insurance, investment products, and financial. You can log in and access your pension information by entering your credentials here. Conditions apply, always consult the product disclosure statement pds.
At the same time, we need to ensure any changes are affordable to both bt and you. It allowed members to make additional voluntary contributions on a taxsheltered basis so the flex balance could be used to purchase optional ancillary benefits, or flex options, at retirement. It requires us, standard life, to give you this important information to help you decide whether our. The financial conduct authority is a financial services regulator. As indexed lifetime pensions provide a fixed annual income and generally cant be converted into a lumpsum, the transfer balance cap rules apply differently. You should obtain and consider the pds before deciding whether to acquire, continue to hold or dispose of interests in bt classic lifetime personal super and bt classic lifetime flexible pension. Term life, tpd and living insurance benefit specifics. You should consider this document before applying for a plan. Bt pension scheme management btpsm has today announced that it has acquired a majority stake in procentia, a marketleading pensions software company for an undisclosed sum. A super fund with 4 apples is a high quality fund a 3 apple rating bronze is. The bt lifetime flexible pension provides investors with a flexible and tax effective retirement solution for an account based pension.
The information in this document forms part of the product disclosure statement pds for bt super for life dated 1 april 2020. Intelligent pensions guide to the lifetime allowance. For a pension fund to earn 5 apples it must be one of the highest quality funds a 4 apple rating silver is the second highest rating from chant west. This spds is issued by bt funds management limited abn 63 002 916 458 afsl 233724 btfm. Bt lifetime super personal plan, bt lifetime super employer plan, bt lifetime flexible pension, bt retirement selection personal super plan, bt super trust, bt conservative outlook fund, bt select australian share fund, bt european growth fund, bt american growth fund, bt japanese growth fund. Bt multimanager conservative fund product disclosure statement pds pdf 164 kb bt multimanager moderate fund product disclosure statement pds pdf 170 kb bt multimanager balanced fund product disclosure statement pds pdf 163 kb bt multimanager growth fund product disclosure statement pds pdf.
Bt business super investment options bt lifetime flexible pension investment options bt lifetime super employer plan investment options bt lifetime personal super investment options investment options for bt classic lifetime personal super investment options for bt classic lifetime flexible pension. Compare bt life insurance policies and receive quotes for cover from a consultant. Approved listed securities effective 5 july 2016 pdf 145kb approved managed funds effective 5 july 2016 pdf 580kb bt managed funds wraps managed accounts approved list effective 5 july 2016 pdf 205kb view the latest loan to value ratio changes effective 6 july 2016 pdf 30kb. How to work out how much pension youll get heres how to keep on top of how much money youll have from pension pots. Flexible lifetime protection product disclosure statement.
Btx21180614 this spds is dated 1 july 2014 and supplements the information contained in the bt protection plans product disclosure statement and policy document which has an effective date of 19 may 2014 pds. Flexible lifetime protection a safety net for living supplementary product disclosure statement issued. A super fund with 4 apples is a high quality fund a 3 apple rating bronze is the third highest rating from chant west. On april 10, 2018, formal approval was given to make the part time employment full pension credit, as described below, a permanent option under the teachers pension plan. Fund usi and spin lookup table in pdf format ato software.