In 2019 the federal government introduced laws called the Protecting Your Super (PYS) package. These laws are designed to make sure super fund members are not paying for insurance cover they don’t know about, or premiums and other fees that inappropriately diminish their retirement savings.

Affected AMP customers

Customers affected by the PYS package will hear from us about either:

  • the cancellation of insurance cover inside their super account or
  • transferring inactive low balance super accounts to the Australian Taxation Office (ATO).

Cancelling insurance inside super accounts

Super providers must cancel insurance inside inactive and low balance super accounts.

Transferring low balance super accounts

Super providers must transfer super accounts with less than $6000 and no activity in 16 months to the ATO.

We're here to help

Easy access to your super and insurance information via My AMP

In My AMP, you can view and manage your AMP super account, including your insurance, with ease. Register today using your AMP account number. You'll then be able to:

  • View your insurance details
  • see your super balance and how much is being contributed to your account
  • update your personal information, beneficiaries and provide your tax file number
  • compare, change and view your super investments

Important information

All statements about insurance cover are general comments only and the specific terms and conditions of the relevant cover will need to be considered in the event of any claim.

Any advice on this page is general in nature and is provided by AMP Superannuation Limited ABN 31 008 414 104 AFSL no 233060 and N.M. Superannuation Proprietary Limited ABN 31 008 428 322 AFSL no 234654. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters. Before making a decision about the product, you should consider your particular circumstances and the relevant Product Disclosure Statement or Terms and Conditions, available by calling 13 30 30, before deciding what’s right for you.

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. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability for any resulting loss or damage of the reader or any other person.