Why choose Water Corp Super?
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 insurances at generally lower rates than retail insurance.
Exclusive MySuper investment option
Access a MySuper tailored investment option called Water Corporation MySuper 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 Water Corporation and their family members, can join this plan.
Your fund for life
You can remain a member of the AMP Super Fund even if you leave employment, and the same low fees apply in the Water Corporation Super Retained Plan. AMP super is designed to support you at every stage of life - from starting out in the workforce all the way through to retirement.
Financial wellbeing support
• Manage your super securely online with 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 PDS, plan summaries and insurance guides for further information about member benefits.
Competitive fees
How much you pay, will depend on how you are invested. Water Corporation Super Plan members pay:
- 0.00% pa administration fee
- $3 monthly member fee
- Paid from super fund's assets: An administration fee of 0.032% pa, plus a trustee expense recovery of up to 0.025% pa. These fees are not deducted from your account or from your investment. These fees are variable and may be more or less than the estimated amount shown.
- 0.00% to 1.71% pa investment fees and costs and 0.00% to 0.26% pa transaction costs. Please refer to the Investment Guide or the table below for the investment fees and costs and transaction costs for your specific investment option(s).
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
Water Corporation MySuper
Water Corporation MySuper is the default investment option for the Water Corporation 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 Water Corporation MySuper 1970s option in the fee table below.
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 table below this example.
| Water Corporation MySuper 1970s option | $50,000 balance | |
| Administration fees and costs |
0.00% pa + $36 pa ($3 per month) + 0.025% pa + 0.032% pa |
You will be charged $36 pa regardless of your balance. Plus a trustee expense recovery and additional portion of the admin fee are paid from super fund's assets, which for a $50,000 balance equals to $12.50 and $16 respectively. This is not deducted from your account. |
| Plus, Investment fees and costs |
0.64% pa |
And, you will be charged or have deducted from your investment $320 pa in investment fees and costs. |
| Plus, Transaction costs |
0.07% pa |
And, you will be charged or have deducted from your investment $35 pa in transaction costs. |
| Equals, Cost of product |
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $419.50(i)(ii)(iii) 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.
(iii) From 1 Dec 2024 (at the earliest) a trustee fee of 0.015% pa will apply. This amount will reduce the amount deducted by the trustee expense recovery.
This example is illustrative only, what it costs you will depend on your individual investments.
Other investment options are also available in Water Corporation 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 Water Corporation Superannuation Plan, login to MyAMP.
| Water Corporation MySuper investment option | Estimated investment fees and costs(i) | |||||
| Investment fee | Performance fees(ii) | Other investment costs | Transaction costs(i) | Cost of product for 1 year(iii)(v) | Transaction cost allowance(v) | |
| % pa | % pa | % pa | % pa | $ | % +/- | |
| Water Corporation MySuper 1990s Plus |
0.36 |
0.16 |
0.06 |
0.04 | 374.50 |
0–0.24 |
| Water Corporation MySuper 1980s |
0.36 |
0.19 |
0.06 |
0.07 | 404.50 |
0–0.26 |
| Water Corporation MySuper 1970s | 0.36 |
0.21 |
0.07 |
0.07 | 419.50 |
0–0.24 |
| Water Corporation MySuper 1960s | 0.36 |
0.15 |
0.03 |
0.06 | 364.50 | 0–0.25 |
| Water Corporation MySuper 1950s | 0.36 |
0.04 |
0.01 |
0.06 | 299.50 |
0–0.26 |
| Water Corporation MySuper Capital Stable | 0.36 |
0.04 |
0.00 |
0.06 | 294.50 |
0–0.28 |
(i) These amounts include estimates of costs deducted from underlying investments. Costs are variable and may be more or less than the amounts shown. Refer to the fees and costs section of the PDS or member guide for more information.
(ii) These amounts are not an indication of future performance and should not be relied on as such. If the investment performance of a particular asset class is better than the set benchmark the performance fees could be much higher. Refer to the fees and costs section of the member guide for more information including how performance fees are calculated.
(iii) 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.
(iv) The Cost of product assumes a balance of $50,000. In addition to the fees shown in the table it includes a member fee of $36 pa, an administration fee of 0.00% pa plus 0.025% pa trustee expense recovery plus 0.032% pa paid from the super fund's assets. Refer to the fees and costs section of the PDS or member guide for more information on these fees and costs and other member activity fees that may apply.
(v) The ranges shown here are based on the latest information available at the date of this document. The transaction cost allowance for an investment option can change at any time and may exceed the maximum amount shown. Refer to the fees and costs section of the PDS or member guide for more information.
(v) The ranges shown here are based on the latest information available at the date of this document. The transaction cost allowance for an investment option can change at any time and may exceed the maximum amount shown. Refer to the fees and costs section of the PDS or member guide for more information.
Choose this plan
Sign-up to Water Corporation Superannuation Plan (Water Corp Super) in just two minutes.
Supporting your financial wellbeing
For one-on-one help, book a chat with one of our super coaches, at no extra cost.
Or access our financial wellbeing program and educational webinars to feel more in control of your money.
Get in touch
Mon - Fri: 8am - 7pm (AEST)
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 and can be contacted on 131 267 or askamp@amp.com.au.
The issuer of SignatureSuper - Water Corporation Super is N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (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 is provided by AWM Services and is general advice only. It does not consider your personal circumstances.
Issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group. All information on this website is subject to change without notice.
Water Corporation does not publish this site and does not endorse or assume responsibility for any advice contained here.