Re-reporting of 2020/21 super balance & contributions
A group of AMP super members may receive a DIV293 notice from the Australian Tax Office (ATO) regarding AMP’s re-reporting of their 2020/21 super balance and contributions. The DIV293 is an additional tax based on super balance and contributions. It is managed via the ATO using our June 30 reporting.
The re-reporting occurred due to the changes to AMP super balances following recent product updates. Members may receive an adjusted DIV293 assessment from the ATO indicating they have zero debt and are eligible for a refund – this is incorrect. Members will receive a corrected assessment over the next few weeks with the revised figures. If you have any questions, please call AMP on 131 267 or book a chat with a super coach.
Changes to advice service fees
Advice fee arrangements for AMP super and pension accounts entered into before 1 January 2021, which had not received a new written consent from members, were originally planned to stop by 31 December 2021.
Legislation passed in July this year allows these arrangements to continue until 30 June 2022 and we’ve changed the date to align with the law. Advice fee arrangements without new consent will now stop on 30 June 2022. Impacted members should contact their financial adviser to arrange a new written consent.
AMP super trustee annual report
The latest annual report is available for members. The report shares information about the super fund during the reporting period (July 2020 - June 2021) and includes information about the trustee, investments, financials and management of the fund.Access the report
What you need to know
Any advice and information is provided by AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121 (AWM Services) and is general in nature. It hasn’t taken your financial or personal circumstances into account.
It’s important to consider your particular circumstances and read the relevant product disclosure statement, Target Market Determination or terms and conditions, available from AMP at amp.com.au, or by calling 131 267, before deciding what’s right for you.
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 provided to you. You can also ask us for a hardcopy.
All information on this website is subject to change without notice. AWM Services is part of the AMP group.
The super coaching session is a super health check and is provided by AWM Services and is general advice only. It does not consider your personal circumstances.