AMP Flexible Super®

As life changes your
super should too
Apply now

Why choose AMP Flexible Super®?

Five stars for outstanding value

With five stars for outstanding value from CANSTAR, you can feel confident with Australia’s favourite for super.1

Only pay for what you need

Flexible fees mean you only pay for what you need, when you need it. It's your money and you're in control.

Easy online and mobile access

Access your finances simply and securely, while at your desk or on the move, with My AMP.

Wide range of investment options

A wide range of investments from low-cost options to a selection of leading-edge funds.

Easy to take from job to job

A super fund that’s easy to take from job to job and into retirement.

Tailor your insurance as you go

You can choose the type and level of insurance you need. And if life changes, you can apply for more.

Apply for AMP Flexible Super now in a few easy steps

Apply now

Leave it to the experts

We manage your investment risk to adjust to
safer investments as you get older. Your funds will
be invested into the AMP Lifecycle Active option.

Choose by risk level

Choose the risk level and leave it to us
to select the underlying investment.

Build your own

Take greater control of your super by
building your own investment mix.

      

We understand that performance is important to you and could make all the difference when it comes to your retirement. We’ve summarised the average performance for our most popular investment mix below2. This investment mix is called Leave it to the experts where we manage your investment risk to adjust to safer investments as you get older.

Leave it to the experts
(Lifecycle Active strategy)
6 mths 1 yr 3 yr 5 yr
AMP Lifecycle Active 1990s 6.29% 12.41% n/a n/a
AMP Lifecycle Active 1980s 6.42% 12.63% n/a n/a
AMP Lifecycle Active 1970s 6.11% 12.17% n/a n/a
AMP Lifecycle Active 1960s 4.30% 8.97% n/a n/a
AMP Lifecycle Active 1950s 3.06% 7.00% n/a n/a
AMP Lifecycle Active Capital Stable 2.75% 5.96% n/a n/a

As at 31st March 2017

For more detail on the performance of the product and to stay up to date, take a look at the performance and unit prices.

Before selecting a super fund there are a range of factors that you should consider. You should also read the product disclosure statement. Please note that past performance is not necessarily an indicator of future performance. 

It’s MySuper authorised. What does that mean?

MySuper is a simple default investment option. It is intended by the government to make comparing super products easier based on key differences like cost and investment performance. MySuper authorised means it meets the specific standards set under legislation, including fee structures and generally a basic level of insurance coverage.

If you don't select an investment option, your contributions will be paid into a MySuper investment option.

      

Our fee structure means you only pay for what you want. This means your AMP Flexible Super can be a simple, no-frills low-cost super account. Or it can be the super which offers you plenty of specialised investment choices plus comprehensive insurance with income protection. It’s flexible and completely up to you.

Note that the new fees are now reflected as monthly (not weekly).

For our most popular investment mix 'Leave it to the experts', our fee structure is:

 

Leave it to the experts (Lifecycle Active Strategy)
  AMP Lifecycle Active 1990s AMP Lifecycle Active 1980s AMP Lifecycle Active 1970s AMP Lifecycle Active 1960s AMP Lifecycle Active 1950s AMP Capital Stable
Investment fee (i) 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
Administration fee 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%
Stronger Super Fee (ii) (super accounts only) 0.04% 0.04% 0.04% 0.04% 0.04% 0.40%
Member fee (iii) $7.43 per month (vii)
Switching fee Nil
Exit fee (iv) Nil except for ex GIO members (iv)
Transaction cost allowance (v) +/-0-0.38% +/-0-0.38% +/-0-0.38% +/-0-0.31% +/-0-0.30% +/-0-0.31%
Advice fee for personal advice As agreed between you and your financial adviser
Insurance fees Insurance premiums will apply if you have insurance cover
Indirect cost ratio (vi) 0.67% 0.63% 0.62% 0.55% 0.39% 0.54%

For other investment options, our fee structure is:

Fee MySuper Core Select Choice
Investment fee (i) 0.15% 0.15% to 0.40% 0.10% to 0.40% 0.10% to 2.33%
Administration fee 0.50% 0.25% to 0.60% 0.25% to 0.60% 0.25% to 0.85%
Stronger Super Fee (ii) (super accounts only) n/a 0.04% 0.04% 0.04%
Member fee (iii) $8.80 per month (vii) $7.43 per month $9.90 per month $12.42 per month
Switching fee Nil Nil Nil Nil
Exit fee (iv) $37.65 Nil except for ex GIO members (iv) Nil except for ex GIO members (iv) Nil except for ex GIO members (iv)
Transaction cost allowance (v) +/- 0-0.27% 0 to +/-0.38% 0 to +/-0.38% 0 to +/-1.04%
Advice fee for personal advice As agreed between you and your financial adviser
Insurance fees Insurance premiums will apply if you have insurance cover
Indirect cost ratio (vi) 0.05% 0 to 0.67% 0 to 0.67% 0 to 2.21%

(i) For certain investment options, the investment fee may include estimates of amounts deducted from underlying investments including amounts charged on the gross assets of the underlying investment. These estimated amounts may vary and as a result the investment fee for these investment options may be more or less than the amounts shown which are based on the known actual or estimated costs incurred for the last financial year. Past costs are not a reliable indicator of future costs

(ii) The Federal Government has introduced Stronger Super, a program of changes designed to streamline and strengthen Australia’s superannuation system. The Stronger Super fee is to help cover the costs associated with implementing these changes. This fee is expected to cease by 1 November 2018.

(iii) This fee increases 1 July each year in line with the Consumer Price Index (CPI)

(iv) For GIO members transferred to an AMP product, a special exit fee may apply if you transfer to a retirement account or leave the product. This will be shown on your last member statement. This fee is also charge whenever you withdraw a lump sum from your retirement account.

(v) The range here is based on the latest information available to us as at 30 September 2017. The transaction cost allowance can change at any time and may exceed the maximum amount shown.

(vi) Costs are variable and may be more or less than the estimated amounts shown which are based on the known actual or estimated costs incurred for the last financial year. Past costs are not a reliable indicator of future costs.

(vii) If you invest your super account wholly in the AMP MySuper Balanced option (via the Build your own investment level in the online application form), you will pay the MySuper fees only. If you choose to hold both AMP MySuper Balanced and other options, you will pay the MySuper Member fee, plus any excess of the other relevant Member fee.

Learn more about the fees in the Product Disclosure Statement and Getting to know your AMP Flexible Super fact sheet.

Leave it to the experts (Lifecycle Active Strategy
Leave it to the experts (Lifecycle Active Strategy
Leave it to the experts (Lifecycle Active Strategy

      

You can choose the type and level of insurance you need. Paying for your insurance through your super doesn’t affect your take-home pay. And if life changes, you can apply for more.

Essential Protection is quick and easy to apply for, and gives you death cover (including terminal illness), plus total and permanent disablement (TPD) cover up to $250,000.

Super Protection offers higher levels of cover, as well as temporary incapacity cover. 

      

AMP Flexible Super - Retirement keeps your money working while paying you a regular income. So you’re free to enjoy all those things you want to do.

  • One product to take you from your work life into retirement.
  • Flexible pension payment options so you can choose how much and how often.
  • A wide range of investments from basic, low-cost options to a selection of leading-edge funds.
  • Competitive fees – you only pay for what you need.
  • Easy online and mobile access.
  • A Pension Refresh® facility that makes it easier to manage the paperwork when rebalancing between your super and retirement accounts.

 

There are many different ways you can contribute to your super fund. Contribute now

For any help or questions, call us on 131 267.

 

      

For any help or questions, call us on:

131 267

Monday to Friday
8.30am – 7pm (AEST)

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Apply for AMP Flexible Super now in a few easy steps

Apply now

1. Choose your investment mix

2. Choose your insurance

3. Provide your details & submit

 

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Important information

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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. 

This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.  

The issuer of AMP Flexible Super is AMP Superannuation Limited.

AMP Flexible Super is a registered trade mark of AMP Limited.

AMP Flexible Super – 2016 winner for outstanding value by CANSTAR Superannuation Star Ratings Report.

1 Favourite for super – AMP holds the largest market share by assets under management at aggregate level for retail super. Plan for Life, Marketer View – Retail managed funds, June 2017.

2 The table above sets out the investment option returns for the SuperEasy Lifestages Fund. Investment option returns are calculated from changes in the unit price (or crediting rate declared) of the investment option over the period shown and are after the deduction of fees, costs and superannuation fund earnings tax included in the unit price (or crediting rate declared). Investment option returns assume a sum of money is invested at the beginning of the time period and neitherdrawn upon not added to throughout that period. Your actual rate of return of your account will vary from those displayed depending on the timing of contributions, switches or withdrawals that you have made over the period and any fees and rebates charged directly to your account.