Why choose AMP ESP?
A super plan that can help you support your financial wellbeing now, and help you make the most of your money for retirement.
Automatic insurance
Eligible members have automatic access to Life, Total and Permanent Disablement, and Temporary Salary Continuance insurance, at generally lower rates than retail insurance.
MySuper investment option
Access the AMP MySuper investment option which offers a lifestages investment approach designed to help protect your super savings as you get older. Alternatively, you can be more hands on and choose investments from our broad range.
Family access benefits
Only people employed by AMP and their family members, can join this special plan and pay the same discounted administration fees. For more information, refer to the Member Guide.
Your fund for life
You can remain a member of AMP Super Fund even if you leave employment, through AMP Employees’ Deferred Plan. AMP Super is designed to support you at every stage of life. For more information, refer to the Member Guide.
Learn more
Financial wellbeing support
• Manage your super securely online in My AMP.
• Access regular member newsletters
• Get supported through financial wellbeing programs, education, super coaching and advice.
Want to know more?
Please refer to the relevant Product Disclosure Statement (PDS), guides and supporting documents for further information about member benefits.
Competitive fees
How much you pay will depend on how you are invested. AMP Employees’ Superannuation Plan members (including family members) pay:
- 0.05% pa administration fee on the first $500,000 in their account
- $1 weekly member fee ($4.33 charged monthly)
- 0.015% pa trustee fee
- Paid from super fund’s assets: This amount is currently made up of an estimated administration fee and costs of 0.047% pa and nil trustee expense recovery. This amount is variable and is not deducted from your account balance
- 0.00% to 1.53% pa investment fees and costs and 0.00% to 0.38% pa transaction costs. Please refer to the Investment Guide for the investment fees and costs and transaction costs for your specific investment option(s).
The lower % administration fee and $ weekly member fee negotiated by your employer will stop when you leave your employer. Additional member activity related fees may apply, such as transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to your welcome letter in conjunction with the fees and costs section in the product disclosure statement and member guide for more information.
How much could a reduction in fees save you?
Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns. For example, paying total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).
How your fees might look
AMP MySuper
AMP MySuper is the default investment option for the AMP Employees’ Superannuation Plan. It takes a lifestages approach, automatically applying different levels of risk to your investments, dependent on your age.
To demonstrate we’ve used the AMP MySuper Lifestages 1970s option in the fee table below. This is based on the fees and costs paid by AMP Employees’ Superannuation Plan members.
If you were born in another decade and want to check those investment fees and costs and transaction costs, you’ll find them in the Investment Guide or PDS.
| AMP MySuper Lifestages 1970s option |
Balances of $50,000 | |
|---|---|---|
| Administration fees and costs | $51.96 pa ($1 per week) + 0.05% pa + 0.015% pa + 0.047% pa |
You will be charged $51.96 pa regardless of your balance. Plus, for every $50,000 of your account balance up to $500,000 you will be charged $25 in administration fees. Plus, for every $50,000 you will be charged a trustee fee of $7.50 and $23.50 will be paid from super fund assets (this is not deducted from your account). |
| Plus, Investment fees and costs | 0.51% pa | And, you will be charged or have deducted from your investment $255 pa in investment fees and costs. |
| Plus, Transaction costs | 0.06% pa | And, you will be charged or have deducted from your investment $30 pa in transaction costs. |
| Equals, Cost of product | $392.86 | If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $392.86(i)(ii) for the super product. |
(i) Additional member activity related fees may apply, such as the transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to the fees and costs section of the member guide for more information.
(ii) You may receive a tax deduction on your Superannuation fees and costs. For details refer to the tax section of the PDS or member guide.
This example is illustrative only, what it costs you will depend on your individual investments.
Other investment options are also available in the AMP Employees’ Superannuation Plan. For more information on the available investment options and associated fees refer to the Investment Guide.
To find the fees and performance that apply to your existing AMP ESP, login to My AMP.
Choose this plan
You can join AMP ESP in minutes. Simply sign into PeopleConnect, select 'Super Fund and Tax Changes', in the 'Fund Choice' drop down, select 'My employer's default super fund' then click save.
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What you need to know
Any advice on this page is provided by AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121 (AWM Services) and is general in nature only. It doesn’t consider your personal goals, financial situation or needs. It’s important you consider the appropriateness of any advice and read the relevant product disclosure statement and target market determination available at amp.com.au, before deciding what’s right for you. AWM Services is part of the AMP group (AMP) and can be contacted on 131 267 or askampsuper@amp.com.au.
The issuer of SignatureSuper – AMP Employees’ Super Plan is N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322, which is part of AMP.
You can read our Financial Services Guide online 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 it provides. You can also ask us for a hard copy.
The super health check and the retirement health check (RHC) are provided by AWM Services and are general advice only. They do not consider your personal circumstances. RHC and the Simple Super (intrafund) advice are available to eligible members of the AMP Super Fund.
All information on this website is subject to change without notice.