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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 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 is only realised if you take out a AMP Lifetime Retirement Income.

    There is no obligation however to take up this income stream if you have the Lifetime 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.

         

    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.

         

    Frequently asked questions

    Frequently asked questions

    Available to eligible members as part of an AMP Super account. The Lifetime Boost feature can help to increase your income in retirement. The feature means that if you decide to invest in an AMP Lifetime Retirement Income at retirement, the balance counted for social security purposes is subject to a discount.

     

    In retirement, if you’ve invested in an AMP Lifetime Retirement Income, Centrelink will use this discounted value when they apply the 'means test' to assess your eligibility for the Age Pension. Where you have an overall lower value of assets, it can lead to better eligibility for the Age Pension and that creates more income in retirement for you!

     

    The earlier you have the Lifetime Boost feature switched on in your account, the bigger discount it can create for you. The Boost feature doesn't change anything else in your account. There's no fees to switch it on and it doesn't lock you into anything.

    The Lifetime Boost feature works in the background of your AMP super account to maximise your retirement income options by calculating a discounted value to be used in retirement in the Government Age Pension asset test, which typically leads to more Age Pension eligibility.

    The Lifetime Boost feature works in the background of your super account. It calculates a lower amount of growth to your account balance than typical actual growth. The rate used to do this is called a 'deeming rate' and it's set by the Government.

     

    The deeming rate is currently 3.25%, which is usually lower than the actual growth on your account. This results in a lower amount being calculated which compounds over your working life.

     

    When you eventually retire, if you decide to move into our AMP Lifetime Retirement Income product, this lower amount is what Centrelink will use in the asset test to determine if you're eligible for the Age Pension. A lower amount used in the 'Asset test' by Centrelink creates a much better opportunity to get more Age Pension to add to your retirement income.

     

    Adding the Lifetime Boost feature doesn't change how your super account works. There's no extra cost and it doesn't lock you into anything.

     

    The earlier you switch on the Lifetime Boost feature, the bigger the advantage could be in retirement.

    The Lifetime Boost feature will provide a discounted account value for all eligible members, however, some members individual circumstances may mean that the reduced account value used in the asset test won't change their social security outcome. For example:

     

    • Members with low balances and minimal assets outside of super may already qualify for the maximum Age Pension.
    • Members with very high super balances (including outside AMP) and/or members who have other significant assets outside of super may not qualify for the Age Pension at all.

    Members should speak to an Adviser or Super Coach (Intrafund Advice) to consider their personal circumstances.

    You can find out more by visiting the Services Australia website.

    Lifetime Retirement Income provides an income that lasts for your entire life, giving you confidence that your payments won’t run out.

     

    It’s designed to work alongside the Government Age Pension — for many people, it may increase eligibility under Centrelink rules, as only 60% of your Lifetime Retirement Income is assessed, with potential further benefits if you carry your Lifetime Boost into retirement.

     

    While the product is built for long-term income, you still have flexibility — there’s no minimum investment, and if your circumstances change, you can access your money subject to the rules that support ongoing income.

     

    All of this is backed by a leading Australian insurer, helping ensure payments can continue well into the future, no matter how long you live.

    Learn more here

    No. The Lifetime Boost feature doesn't lock you into choosing AMP Lifetime Retirement Income. You can decide if the AMP Lifetime Retirement Income is right for you when the time is right, usually as you approach retirement age.

     

    However, if you do not take out an AMP Lifetime Retirement Income, Centrelink will use your actual super account balance (and not the discounted amount using the deeming rate) when assessing your eligibility under the Asset Test.

    By law, when you can start accessing your super 'in full', we must turn the Lifetime Boost feature off in your account. The Lifetime Boost feature is designed to convert into a AMP Lifetime Retirement Income if you decide to start one in retirement. This means when you can start accessing all of your super, you'll need to tell us if you'd like to start a AMP Lifetime Retirement Income with some or all of your balance. Otherwise, we will have to turn the feature off and the discounted value used in your asset test for Centrelink disappears. To access your super in full, you need to meet one of certain conditions (called ‘Conditions of Release’).

     

    So, if you're withdrawing your super for any of the following reasons, you should be aware that by doing so, you might be turning off the Lifetime Boost feature in your account- and once its off, it can't be switched back on. See below:

     

    • You've reached age 65, or
    • You're withdrawing your super because you're aged 60- 64 and you confirm to us that you've either:
      • permanently retired or
      • ceased an employment arrangement on or after aged 60
    • You're withdrawing your super due to a terminal medical condition
    • You're withdrawing your super due to permanent incapacity claim

     

    If you aren’t eligible for a AMP Lifetime Retirement Income when you meet a ‘full’ condition of release (outlined above) the feature will simply be turned off in your account. The Lifetime Boost feature will also be turned off if your account is closed.

    Changing employers won't impact the Lifetime Boost feature, unless you close your account in the AMP Super Fund. You can easily tell your new employer to pay your super into your AMP Super account online via My AMP.

     

    If you’re over age 60 and leave employment, the Lifetime Boost feature will be turned off as at the date you left that employment

    You can move your super to another fund at any time but if you close your account, you'll lose the Lifetime Boost feature completely along with the discount the Lifetime Boost feature has been calculating.

     

    The law requires that for you to retain the advantage of the discounted growth rate (and for Centrelink to use the lower amount), you must remain within the same super fund.

    It depends on the reason for the partial withdrawal. If you roll part of your account balance to another super fund or into a Transition to Retirement account, the Lifetime Boost feature will continue working in your account for the remaining amount. If you make a partial withdrawal because you've met a full condition of release, you'll lose the Lifetime Boost feature in this account unless you are eligible and you decide to convert to the AMP Lifetime Retirement Income.

    When we are notified of a death, the Lifetime Boost feature is turned off in the account. The discount that the Lifetime Boost feature has been calculating can't transfer to your beneficiaries. Having the Lifetime Boost feature on in your account won't impact the amount your beneficiaries receive.

    The Lifetime Boost feature does not change how your super account works and you are not obligated to use it. The Lifetime Boost feature simply creates an opportunity for you to maximise your age pension benefits in retirement- only if you want to. For this reason, there's no reason to cancel this in your account when its added. The Lifetime Boost feature will automatically turn off in your account when you meet a full condition of release or close your account.

    Any money coming in or out of your super account is captured in the calculation for the Lifetime Boost feature provides, so if there is a portion of your account being paid to a former spouse as part of a family law arrangement, the Lifetime Boost feature will adjust to the remaining balance. The discount that has been calculating cannot be transferred to your former spouse’s account.

    If you’re a MySuper member, and you want to activate 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 Boost starts. You’ll also remain invested in your AMP MySuper Lifestages option (unless you or we make changes in the future).

    A MySuper member is a member who has not made a choice about which investment option in which their super is invested. The Trustee places them, by default, into an AMP MySuper Lifestages option (usually according to their date of birth).

     

    This usually occurs when an employer nominates an employee to become a member of a super fund such as the AMP Super Fund, and they make super contributions for their employee.

     

    MySuper members are defined by the Superannuation Industry (Supervision) Act 1993 (SIS Act) which requires trustees to promote the financial interests of their MySuper members.

    The SIS Act ensures all MySuper members receive a product that has common characteristics, such as low fees, a diversified investment option, a minimum level of insurance cover, simple features, and transparent reporting.

     

    Members who are not a MySuper member – that is, they have made a choice about investment options into which their super is invested - are called Choice members. MySuper members and Choice members who invest in an AMP MySuper Lifestages option receive the same fees, investments, insurance, and other product features.

    New members* joining AMP Super after May 2025 will have the Lifetime Boost feature added to their account automatically when they make an investment choice or they can add the feature to their account if not automatically added.

     

    For existing* AMP Super members as at May 2025 who have made investment choices in the past (that is, Choice members), we will automatically add the Boost feature to your account.

     

    Existing members* who have not had it automatically added (MySuper members) can easily add this to their account by becoming a Choice member through My AMP or by calling us on 131 267.

     

    We'll write to you to confirm if it's been added automatically or how to opt in if it wasn’t.

     

    *Subject to eligibility.

    The Lifetime Boost feature is suitable for anyone who is in the accumulation phase of their working life in AMP Super.

     

    To be eligible though, you meet the following criteria: 

     

    • You were born after 19 May 1967,

    • Your account is not in a Defined Benefit arrangement

    • Your account is not a Transition to Retirement account

    For existing AMP Super members who have made investment choices in the past, we will automatically add the feature to your account. Members who haven't made any investment choices before can easily add this to their account through My AMP or by calling us on 131 267. We'll write to you to confirm if it's been added automatically or if you'll need to opt in. You can check anytime on your annual statement and in your My AMP account online.

    Add Boost feature in My AMP
    Looking to add the Lifetime Boost feature? It’s easy. Login to My AMP and click on ‘Add Lifetime feature’ in the ‘Manage your super’ menu.

    MySuper default members who are eligible to access Digital Advice and meet eligibility criteria for Lifetime can add the Lifetime Boost feature during the Digital Advice journey.

    Members who meet the following criteria can access the digital Retirement Health Check via My AMP:

    • Hold a single AMP Super accumulation account; and
    • Are registered for My AMP (you can register online here if you haven’t already)

    Members who are not eligible for digital advice but have one eligible account cannot start digital advice journeys directly in My AMP. Instead, they will be prompted to book an appointment with an intrafund adviser.

    • Members with two or more AMP Super accounts
    • Members with one or more AMP Super accounts, plus one or more of the below:
      • North Super products
      • Asgard Super products

    Important information

    AMP Super refers to SignatureSuper® which is issued by N.M. Superannuation Proprietary Limited ABN 31 008 428 322 AFSL 234654 (NM Super) and is part of the AMP Super Fund (the Fund) ABN 78 421 957 449. NM Super is the trustee of the Fund.  

    ® 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.