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    The average Aussie could be as much as $100,000 better off in first 10 years of retirement
    The average Aussie could be as much as $100,000 better off in first 10 years of retirement

    See Lifetime Boost in action with Digital Financial Advice

    A representative AMP Super member could be as much as $100,000 better off in the first 10 years of retirement*.

    Use our Digital Financial Advice tool to see what Lifetime Boost means for you.

    Try Digital Financial Advice

    * This information is illustrative only and does not replace financial advice. It illustrates potential benefits for a representative AMP Super member with the AMP Super Lifetime Boost feature activated for 20 years leading up to retirement and allocate 50/50 between an AMP Lifetime Retirement Income and an AMP Flexible Retirement Income. A representative AMP Super member is a 47-year-old single male, $90K super balance, $100K salary, contributes 12% with no career breaks, retires at 67 with $120K in other assets at retirement, homeowner and withdraws the minimum from the AMP Flexible Retirement Income. It assumes annual investment returns of 6.33%, wage inflation of 3% p.a. The benefits of Lifetime are only realised if you take out an AMP Lifetime Retirement Income.

    There is no obligation however to take up this income stream if you have the Lifetime Boost feature but the benefits will not apply.

         

    Boost your benefits for no extra effort!

    While for some of us planning for retirement feels far away or even overwhelming, there are things you can do now to set your future self up for the better. The new Lifetime Boost feature can give you a lot of benefit for not much effort. Best of all, you can get it for no extra fees and you’re under no obligation to convert to the AMP Lifetime Retirement Income*.

    • Improve retirement options with no extra fees

      Improve your overall retirement income options for no extra fees or effort.

       

    • Boost your Age Pension eligibility

      It works in the background to increase your eligibility for the Government Age Pension. The longer you have Lifetime Boost, the greater the boost could be.

    • Freedom to choose

      The feature doesn’t lock you in, it just gives your future self greater retirement options.

       

    • No change to your investment mix

      There is no change to your other existing account features, or investment mix.*

       

    Are you a ‘MySuper’ member?

    MySuper members, will need to become a ‘Choice’ member to activate the Lifetime Boost feature. Learn more in the FAQs below.

    lifetime structure
    lifetime structure

    Expertly designed to supercharge your income in retirement

    The Lifetime Boost feature works in the background of your AMP Super account. The longer you have it, the more benefit you could get when you retire. It does this by reducing your assessable purchase price for a future AMP Lifetime Retirement Income under the Government Age Pension asset test.

    Looking to understand more? This is going to be the most technical part, so grab a cuppa and get comfy.

    Purchase price is financial jargon. But put simply, the purchase price is the amount that gets reported to Centrelink when you start (or ‘purchase’) an AMP Lifetime Retirement Income in retirement. It is used to assess how much you can get from the Government Age Pension.

    So, the benefit of having the Lifetime Boost feature switched on is that it is expected to lower your reportable purchase price to Centrelink if you purchase an AMP Lifetime Retirement Income, so you can possibly be eligible for more Age Pension when you retire. And for some members, this might make the difference between getting the Age Pension or not.

    Lifetime Boost can lower your reportable purchase price because it uses the Government deeming rate instead of the actual investment returns on your account balance and contributions to work out a purchase price in the background. The Government deeming rate is expected to be lower than the actual investment returns especially over the long-term. This means the calculated purchase price is expected to be lower than your future super balance.

    The longer you have the feature activated in your AMP Super account, the greater your boost could be when you retire. Over time, this benefit keeps growing.

    It doesn’t restrict your freedom to choose. When you retire, you get the option of choosing an AMP Flexible Retirement Income, an AMP Lifetime Retirement Income, or a mix of both. So, your future self isn’t locked in by having the feature now. You’re just giving yourself greater options in the future.

    When you retire (or otherwise meet what’s called a ‘Condition of Release’) you’ll have 14 days to decide if you want to convert some or all of your accumulated benefit to the AMP Lifetime Retirement Income. Otherwise, the added benefit from the Lifetime Boost feature will expire.

    There’s currently nothing else in the market that can give your future self this kind of retirement boost.

         

    It's time to get super-wise

    Add lifetime feature app screen prompt
    Add lifetime feature app screen prompt

    Add Lifetime Boost in My AMP

    Looking to add Lifetime Boost? It’s easy.

    Login to My AMP and click on ‘Add Lifetime feature’ in the ‘Manage your super’ menu.

    Add Lifetime feature
    Haven't registered for My AMP?

    Adding the Lifetime feature to your account? You can do this and much more in My AMP. It's easy to register using your AMP account number (this can be found on your Lifetime feature communication).

    Register for My AMP

    Digital financial advice two phone screens
    Digital financial advice two phone screens

    See it. Shape it.

    Digital Financial Advice

    Take control of your retirement with resources that help you test the possibilities. With our Digital Financial Advice experience tool, you can understand how Lifetime Boost fits into your retirement strategy.

    Try Digital Financial Advice
    Digital financial advice two phone screens
    Digital financial advice two phone screens

    Simulate your retirement

    Retirement simulator

    Can't access digital advice? Our retirement simulator lets you see how different choices like adding a Lifetime solution might impact how much income you have in retirement.

    Get started

    Watch our video: Lifetime explainer

    Want to understand more about the Lifetime Boost feature? Watch our explainer video to see how it works while you grow your super.

         

    Resources & tools

    Resources

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    Important information

    All AMP Super and Pension products (AMP SignatureSuper, AMP Super Lifetime Pension, AMP Super Allocated Pension) are issued by N. M. Superannuation Proprietary Limited (ABN 31 008 428 322 AFSL 234654) (NM Super) as trustee of the AMP Super Fund (ABN 78 421 957 449).  

    ® SignatureSuper is a registered trademark of AMP Limited ABN 49 079 354 519.

    * More members can expect to get a higher retirement income when investing in AMP Lifetime Retirement Income, along with an AMP Flexible Retirement Income . Based on analysis performed by a third-party consulting firm, assuming most members are in good health. The analysis made certain assumptions including about the AMP membership profile, product allocation, investment strategy, returns and draw down rates, and the age income stream rules and laws at the time of the analysis.

    Any advice is provided by AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121 (AWM Services) and is general in nature only. It doesn’t consider your personal goals, financial situation or needs. It’s important you consider the appropriateness of any advice and read the relevant product disclosure statement and target market determination available at amp.com.au, before deciding what’s right for you. AWM Services is part of the AMP group and can be contacted on 131 267 or askamp@amp.com.au.

    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 it provides. You can also ask us for a hard copy.

    The benefits of Lifetime Boost is only realised if you take out the AMP Lifetime Retirement Income. There is no obligation however to take up this income stream if you have the Lifetime Boost feature but the benefits will not apply.

    AMP Flexible Retirement Income which refers to AMP Super Allocated Pension and AMP Lifetime Retirement Income which refers to AMP Super Lifetime Pension. AMP Lifetime Retirement Income is designed to work alongside other products issued by NM Super as well as the Lifetime Boost feature in AMP Super (SignatureSuper). Therefore, it may have features or conditions which may not be suitable for you. Before deciding to acquire or to continue to hold AMP Lifetime Retirement Income, you should consider your circumstances and read the “Retiring with AMP Super” PDS and TMD available on amp.com.au.

    Digital Financial Advice is provided by AWM Services to eligible members of the AMP Super Fund.

    By activating the Lifetime Boost feature, your account’s status will permanently change from a ‘MySuper’ to a ‘Choice’ account. Although MySuper accounts have additional legal protections in relation to fees and other characteristics, your fees, services and any insurance you hold would not change when Lifetime starts and you’d remain invested in your Lifestages option (unless you or we make changes in the future).

    * This information is illustrative only and does not replace financial advice. It illustrates potential benefits for a typical AMP Super member with the AMP Super Lifetime feature activated for 20 years leading up to retirement and allocate 50/50 between an AMP Lifetime Retirement Income and an AMP Flexible Retirement Income. A typical AMP Super member is a 47 year old single male, $90K super balance, $100K salary, contributes 12% with no career breaks, retires at 67 with $120K in other assets at retirement, homeowner and withdraws the minimum from the AMP Flexible Retirement Income. It assumes annual investment returns of 6.33%, wage inflation of 3% p.a. Figures shown in today's dollars and adjusted for 3% annual inflation.