Retail platform
BT
BT offers Panorama Super and the self-directed BT Super Invest product. These are investment platforms with costs determined partly by what the member holds.
THE OVERVIEW
About BT
The current platform products should be distinguished from the former BT Super employer business transferred to Mercer.
Who can join
BT Super Invest is currently limited to existing Westpac customers aged at least 18 in Australia. Panorama has its own application arrangements.
THE SUPERGURU VIEW
Our take
Most relevant when a person has a reason to use specific investments and will use the platform's extra control.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE NUMBERS
Fees and investment returns
Use the product, investment option and employer plan on your statement. Lifecycle members need to choose the relevant stage. APRA's investment pathways may include closed options held by existing members.
No investment pathway has been matched to this profile in the June 2026 APRA package. Read the fee and performance notes below and use the fund's current documents. Absence from this dataset is not a performance-test failure.
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
A CLOSER LOOK
Inside BT
Accounts and products
Panorama Super and BT Super Invest.
Investment choices
Shares, ETFs, managed funds, managed portfolios and other permitted investments, depending on the selected product and menu.
Insurance
Check the insurance offering in the precise platform PDS; it should not be inferred from a former BT employer account.
Retirement income
Super and pension account types are available. Minimum transaction-account balances differ by account phase.
Advice and support
Panorama supports adviser use; Super Invest is marketed to self-directed investors.
Fee details to check
Super Invest lists $540 a year plus a balance-based administration charge, then investment and transaction costs. Its quoted administration fee is not a total annual cost.
Comparing investment performance
There is no single BT platform return. Compare the selected portfolio after platform, investment, transaction and advice costs.
Features worth considering
Broad investment choice.
Consolidated reporting for a self-selected or advised portfolio.
THE LEGAL FUND
Fund size in APRA's annual reporting
ASGARD Independence Plan Division Two
At 30 June 2025. These are legal-fund totals, which can include several products and more than one account per person.
APRA annual fund-level statistics, June 2025. These older totals can differ substantially after mergers. Size is not a measure of suitability or investment quality.
Sources for BT
Checked 2026-09-11. Documents and product terms can change after this date.