✓ Only pay for what you need
You're in control – choose a no-frills low-cost super account or one that offers specialised investments and comprehensive insurance.
✓ Wide range of investments
You have the control to either select a simple, low-cost investment option or a range of leading-edge funds.
✓ Tailor your insurance as you go
You can choose the type and level of insurance you need. And if your life and needs changes, you can apply for more.
✓ Easy to take from job to job
A super fund for life that’s easy to take from your first job, through your working life and into retirement.
✓ Simple online & mobile access
Monitor and manage your super simply and securely, while at your desk or on the move, with My AMP and our mobile app.
Benefits & featuresShow more
AMP Flexible Super is a super product with a MySuper offering that gives you death cover (including terminal illness) up to $250,000 by answering a few simple questions. We understand that comparing super funds can be complex, so we've called out the key benefits and features of AMP Flexible Super for you below.
- Casual employees
- Part-time employees
- Full-time employees
✓ Free super search & consolidate service
✓ Unlimited, free investment switches
✓ Insurance options to help look after you and your family
✓ Access to expert help
Apply for AMP Flexible Super
Applying online is quick and easy and
you can even include insurance.
Find any of your lost super
We can help you find and combine all
of your super to save you money.
Tell your employer to pay your super into your new account
You can ask us to tell your employer or
you can send them a pre-filled form.
Ready to get started with a Flexible Super account?Apply now
Investment choicesShow more
AMP Flexible Super gives you the flexibility and control to choose from three different investment levels to cater for your individual investment style.
1) AMP MySuper Balanced
Many of our members choose the AMP MySuper Balanced option, which is designed to help your retirement savings grow over the long-term.
2) Age-based approaches
As you get closer to retirement, you might want to be invested in more conservative options. Our age-based approaches let you sit back while we make the adjustments for you.
There are 2 approaches to choose from:
- AMP Lifecycle Active - Offers an investment strategy specific to your decade of birth (eg AMP Lifecycle Active 1980s investment option). As you approach retirement, the investments in this option will gradually become more conservative.
- Super Easy LifeStages - Offers an investment strategy specific to your age range. As you get older, your super will gradually be switched into a more conservative investment option (eg if you’re under 30 you’ll initially be invested in the Super Easy High Growth investment option, but will be switched to Super Easy Growth when you’re 30).
3) Choose your own investment options
Best suited for those who want to select their own risk level and take greater control of their super. You can select up to 15 investment options from our full range of over 70 options including individual funds and diversified multi-manager options.
Learn more in our investment options fact sheet.
You can also use our what investor style am I? simulator to help you work out what sort of investor you are.
After you open your account it’s easy to switch your investment options at any time as your life or investment goals change, and you won't be charged any switching fees. Simply log in to My AMP or use your tablet app.
Insurance includedShow more
Within AMP Flexible Super, you can choose the type and level of insurance you need. And if life changes, you can always apply for more cover.
Why insure through super?
- It can be a tax effective option to protect you and your family should the unthinkable happen.
- Pay premiums directly from your super account, so you don’t have to dip into your take-home pay.
AMP Flexible Super offers two personal insurance products:
1) Essential Protection
- Life insurance is quick and easy to apply for when you open your account online. Essential protection can give you death cover (including terminal illness) up to $250,000.
- Essential Protection also offers total and permanent disablement (TPD) cover up to $250,000 which you can apply for after opening your super account.
2) Super Protection
- Offers higher levels of death and permanent incapacity cover (over $250,000), as well as temporary incapacity cover.
- If you request death cover over $250,000 in our online application form we'll give you a call to set this up.
Setting you up for retirementShow more
AMP Flexible Super is one product which can help you look after your retirement needs, from your first job, through your working life and into retirement.
Your AMP Flexible Super account is designed to help you save for retirement. If you're close to retirement and working less than you used to, you can use AMP Flexible Super to start your transition to retirement.
Once you're in retirement, you can use your super savings in a simple and tax-effective way to provide you with a regular income stream (allocated pension / account based pension). Learn more about AMP Flexible Super - Retirement account or speak to a financial adviser.
Investment performanceShow more
We understand that performance is important to you and could make all the difference when it comes to your retirement.
Below is the summary of the average performance for AMP MySuper Balanced.
Investment option returns3
|AMP MySuper Balanced||6.39%||11.05%||6.42%|
As at 28th February 2018
Please note that past performance is not necessarily an indicator of future performance.
For more detail on the performance of other investment options and to stay up to date, refer to the performance and unit prices. Or you can refer to the MySuper dashboard to help you compare our option with other MySuper products.
Competitive feesShow more
Your Flexible Super account 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).
|Fee||AMP MySuper Balanced
||AMP Lifecycle Active
||Super Easy LifeStages
||Choose your own mix
|Investment fee (i)||0.15%||0.40%||0.10% to 0.20%||0.10% to 2.33%|
|Administration fee||0.50%||0.60% (viii)||0.50% (viii)||0.25% to 0.85% (viii)|
|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||$7.43 to $12.42 per month|
|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 +/-0.25%||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%||0.39% to 0.67%||0.04 to 0.16%||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.
(viii) You may qualify for an administration fee rebate. Please refer to the Getting to know your AMP Flexible Super fact sheet for more detail.
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|
Already have AMP Flexible Super?Show more
Getting your super sorted
- How do I find my lost super or combine my super accounts?
- How do I tell my employer to pay my super contributions into my super account?
- How do I register for My AMP to manage my super online?
Take control of your super
Looking to bring all your super into your AMP Flexible Super account? We’ve made it easier than ever to help you bring your super together for free – including any you’ve lost along the way. You can choose to do this during the Flexible Super application or afterwards when you log in to My AMP. All you need is an AMP Flexible Super account to get started.
Important: Before consolidating, you need to consider how your existing super accounts compare to AMP Flexible Super, whether any exit fees apply and what effect consolidating will have on any insurance cover.
To instruct your employer to pay your super contributions into your AMP Flexible Super account you need to send them a Choice of Fund form.
Choice of Fund forms can be found in your Welcome Pack, in My AMP under your Forms & Documents section or simply download a partly pre-filled form using our Choice of Fund form generator.
If you have any questions about completing this form, please contact us on 131 267.
There are many different ways you can contribute to your super fund. Contribute now
For any help or questions, call us on 131 267.
To register for My AMP you will need your account or member number which can be found on your welcome letter or member statement. Register now
Learn more about My AMP and download the app
It’s easy to change your investment options as life changes in My AMP. You can do this any time and you won’t be charged any switching fees. You can also switch via our tablet app.
Please contact us on 131 267 if you would like to apply for more insurance cover.
Manage your accounts on the go with My AMP
Have your AMP super, insurance, investments and banking at your fingertips. Make contributions, find lost super, view statements, access performance reports and even change your investments. Extra functionality means you can now view your non-AMP accounts in the same place.
Bring all your super into the one fund
If you’ve had a few jobs over the years, you probably have more than one super fund
So we’ve made it easier than ever to help you bring your super together for free – including any you’ve lost along the way. You can choose to do this during the AMP Flexible Super online application or afterwards when you log in to My AMP. All you need is an AMP Flexible Super account to get started.
Important informationShow more
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.
AMP Flexible Super is part of a super fund known as the AMP Retirement Trust (the fund) ABN 73 310 248 809. AMP Superannuation Limited ABN 31 008 414 104 is the trustee of the fund.
® AMP Flexible Super is a registered trademark of a AMP Limited ABN 49 079 354 519.
1 Number of AMP super customers as at 28 February 2018.
2 The table above sets out the investment option returns for the AMP MySuper Balanced investment option. 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 neither drawn 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.