AMP Flexible Super – Retirement
An account-based pension that keeps your money working while paying you a regular income.
What’s your retirement number?
Work out how much money you may need for the lifestyle you want in retirement.
Plan your retirement
To make sure you’re on track for the retirement you want, it often helps to start with a retirement goal and plan.
It’s important to note that because an account-based pension is made up of the money you’ve saved in super, which could differ from person to person, it doesn’t guarantee an income for life.
And if you’re converting your super into an account-based pension, you’re restricted to transferring a maximum of $1.6 million into your pension account, not including subsequent earnings.1
For more detail on account-based pensions, read through some of these commonly asked questions.
Transition to retirement income streams
As you get closer to retirement, a transition to retirement income stream may give you greater financial flexibility by allowing you to access your super while you are still working full-time, part-time or casually.
You may choose to:
- reduce hours at work, but top up your reduced salary with income from a TTR income stream, or
- maintain work hours but give your super balance a boost in the lead up to retirement, by using a TTR income stream in conjunction with increased concessional super contributions.
To access your super this way, you must have reached your preservation age, which will be between 55 and 60, depending on when you were born.
Both AMP Flexible Super – Retirement and MyNorth Pension are available as TTR income streams.
Find out more about transition to retirement income streams and if they may be right for you.
AMP Flexible Super – Retirement
AMP Flexible Super – Retirement keeps your money working while paying you a regular income, so you can enjoy the lifestyle you’ve worked hard for. Also available as a TTR income stream. Applying online is quick and easy.
Access over 440 managed funds, term deposits and direct shares through one online account. Available through your financial adviser, the award-winning2 MyNorth Pension offers a regular income to help maintain your lifestyle in retirement. Also available as a TTR income stream.
Important informationShow more
It’s important to consider your particular circumstances and read the relevant product disclosure statement 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 ABN 31 008 414 104 AFSL No. 233060. AMP Flexible Super is a registered trade mark of AMP Limited.
The issuer of MyNorth –Pension is N M Superannuation Proprietary Limited ABN 31 008 428 322 AFSL No 234 654. MyNorth is a registered trademark of NMMT Limited.
The issuer of AMP SignatureSuper and AMP SignatureSuper – Allocated Pension is AMP Superannuation Limited ABN 31 008 414 104 AFSL No. 233060. AMP SignatureSuper is a registered trademark of AMP Life Limited.
2 MyNorth won Chant West's 2017 Advised Product of the Year award. For further information about the methodology used by Chant West, see www.chantwest.com.au