Flexible Lifetime® – Investments (Series 1 and Series 2)

The above dates were chosen to ensure there is enough time for a smooth wind-down of the Product. We wanted to provide sufficient notice to you and meet our obligations under relevant laws and regulations. We want to make sure all processes, such as selling the underlying investments, calculating final balances, and returning proceeds can be completed accurately and efficiently.
 

Setting a clear date in advance allows you time to seek advice, consider your options, and prepare for the change. By allowing for this transition period, we aim to minimise disruption and ensure a fair and transparent process for everyone invested in the Products.

Yes, these changes can be made without your consent. Each FLI Product’s constitution sets out what changes can be made, including whether products can be fully redeemed. Each Fund’s constitution gives the Responsible Entity (ipac Asset Management Limited) the right to make certain changes, including fully redeeming in certain circumstances, provided clients are given adequate notice.

Yes, you will receive a final redemption. This will be paid into your nominated bank account on or around Wednesday 25 February 2026. If we don’t have an account on file, a cheque will be issued to your address on file. We encourage you to check that your address details are correct in My AMP at amp.com.au/login to avoid any delays in receiving your payment.

Bank account details can be provided or updated by completing and returning the Change Your Bank Account Details form. Clients have until 1pm (Sydney time) Thursday 11 February 2026 to make this request.

Distributions (if applicable) will be paid as per the normal distribution schedule that is outlined in the PDS. For the AMP Capital Balanced Growth Fund(s) [Series 1 AMP0013AU and Series 2 AMP1391AU] an ad hoc distribution may be paid prior to the final redemption. We can’t tell you exactly how much this extra distribution will be because it depends on things like how the market performs before we work out the final amount.

AMP does not currently offer a directly comparable product to FLI. If you wish to invest in a comparable product, we encourage you to seek advice from a financial adviser who can help explore your options and make informed decisions based on your individual circumstances.

Unfortunately, in this instance AMP is unable to transfer your holdings to an alternative investment product. If you're considering investing in another AMP product, we encourage you to speak with a financial adviser who can help explore your options and make informed decisions based on your individual circumstances.

In line with Australian regulations, when money is withdrawn from an investment, a Capital Gains Tax (CGT) liability may be created for you depending on your individual circumstances. Any CGT will be investor specific and will depend on things like:
 

• The unit price at the point of investment and every subsequent investment
• The unit price at the time of every withdrawal
• Any capital gains paid out with distributions.

Unfortunately, AMP doesn’t have access to the details needed to estimate what capital gains tax might be applicable at a client level. A realised capital gains statement is provided after the end of the tax year with the annual tax statement that will include cost base information.

Redemption of investments in a Product will be the trigger for assessing whether any gains or losses arise (which will be reported in the 2025-26 financial year). The details will be reported to the ATO and reflected in your annual tax statements.

Any net capital gains realised from the redemption of your interests in a product may form part of your taxable income at the end of the relevant financial year. We’ll provide these details in your AMIT Member Annual Statement, which we’ll send to you after the end of the 2025-26 financial year.

Yes, all distributions from managed funds may have tax consequences for you. We’ll provide these details in your AMIT Member Annual Statement, which we’ll send to you after the end of the 2025-26 financial year.

We’re unable to provide advice on whether you should delay or bring forward an investment decision based on potential tax impacts or for any other reason. As everyone’s personal circumstances are different, we recommend that you speak with a licensed financial adviser or tax professional for guidance specific to your situation.

As everyone’s personal circumstances are different, and to ensure clarity around personal tax implications, we recommend that you speak with a licensed financial adviser or tax professional.

No, the cost of any revised financial advice or tax reviews that may be needed because of this redemption and Product closure will not be covered. If you require personal advice about your circumstances, you’ll need to engage a licensed financial adviser or tax professional, and any associated costs will be your responsibility.

Buy costs are not applicable. The selling down of assets to raise cash for the final payment will generate sell costs. These costs will be incorporated into the final redemption amount paid to you in accordance with the Products’ constitutions.

Yes, management fees will continue to be charged because the assets are still being managed during this period. However, they won’t be charged after 13 February 2026.

When interests are redeemed from a product like FLI, the underlying investments of the Product must be sold, and the sale proceeds fund the redemption payments to you. This process involves transaction costs (such as brokerage or buy/sell spreads), which are standard in the investment industry. These costs reflect estimated expenses of selling assets, are retained in the relevant Product to pay those expenses and are not a fee paid to the Responsible Entity (ipac Asset Management Ltd which is a member of AMP Group). They would also apply if you chose to sell your investment yourself. This approach ensures all clients are treated fairly and equitably.

Yes, clients who wish to redeem their funds prior to the redemption date may do so. They need to complete and return a withdrawal form and have until 1pm (Sydney time) Thursday 11 February 2026 to make this request.

In the days leading up to the full redemption of the Products, there is a short period when transactions are temporarily paused. This freeze is necessary to allow us to finalise the accounts accurately, calculate unit prices, and prepare for the redemption of investments. By pausing transactions during this time, we help ensure that the closing balances and payments are correct. Once this process is complete, the proceeds from your investment will be paid out to you.

If an account is on claim at the time the final redemption is paid, the proceeds will be held in an internal AMP account until the claim is processed. Once completed, payment will be made to the beneficiary on file.

You’ll receive a final statement (issued the day after the final redemption) covering all transactions from the last statement period up to the redemption date. This statement will confirm all activity, show the closing balance, and detail the amount paid out. After the end of the 2025–26 financial year, you’ll also receive an annual tax statement.

You are not required to take any specific action. The communication you received is intended to make you aware of the upcoming changes. We encourage you to:
 

• Consult with a professional tax adviser should you require further information about how attributed taxable income or capital gains from the redemption will impact your personal tax position.
• Seek financial product advice to ensure your portfolios are still aligned with your investment goals and objectives.
• Contact your margin lender (if applicable) to understand any potential impacts that may affect your loan arrangements.
• Provide/check bank account and address details for final redemption payment.