AMP Flexible Super®

Over 2.7 million Australians
trust AMP with their super1
Apply now

Why AMP Flexible Super?

✓ Award-winning value

With five stars for outstanding value from CANSTAR, you can feel confident with Australia’s favourite for super.2

✓ 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.

AMP Flexible Super is an award-winning product with a MySuper offering and access to insurance cover (subject to eligibility). 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.

Designed for:

  • Casual employees
  • Part-time employees
  • Full-time employees
  • Self-employed

Free super search & consolidate service

Unlimited, free investment switches

Insurance options to help look after you and your family

Access to expert help

Sort your super in 3 easy steps

1

Apply for AMP Flexible Super

Applying online is quick and easy and
you can even include insurance.

2

Find any of your lost super

We can help you find and combine all
of your super to save you money.

3

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

Your flexible options

AMP Flexible Super gives you the flexibility and control to choose from three different investment levels to cater for your individual investment style.

1)     Leave it to the experts

  • Automatically invests your super into our low-cost, simple and most popular investment option.
  • For those who would prefer to take the hard work out of deciding how to invest your savings.
  • Selects investment options based on your age and adjusts to safer investments as you get older. Your super automatically preparing you for retirement – now that’s smart.
     

2)     Choose by risk level

  • For those who want more options and involvement in the investment selection process.
  • Allows you to select your risk level and and leave the underlying investment choices up to our experts.
     

3)     Build your own

  • For those who want to take greater control by choosing their own investments.
  • Allows you to select from a range of over 70 options including individual funds, diversified multi-manager options and lifecycle options or a bit of everything. You can choose up to 15 investments.
     

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.

      

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.

      

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.

Performance & fees

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 Leave it to the experts, which is our most popular investment option3.

By selecting the Leave it to the experts investment level when applying online your super will be automatically invested in AMP Lifecycle Active. AMP Lifecycle Active delivers an investment strategy that continuously evolves with the changing stages of your life.

Investment level

Investment option returns3

Leave it to the experts

6 mth

1 yr

3 yr

5 yr

AMP Lifecycle Active 1990s 3.46% 9.97% n/a n/a
AMP Lifecycle Active 1980s 3.53% 10.19% n/a n/a
AMP Lifecycle Active 1970s 3.40% 9.71% n/a n/a
AMP Lifecycle Active 1960s 2.47% 6.88% n/a n/a
AMP Lifecycle Active 1950s 1.66% 4.77% n/a n/a
AMP Lifecycle Active Capital Stable 1.89% 4.69% n/a n/a

As at 30th September 2017

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.

      

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).

For our most popular investment mix 'Leave it to the experts', our fee structure is:

Leave it to the experts (AMP Lifecycle Active)
  AMP Lifecycle Active 1990s AMP Lifecycle Active 1980s AMP Lifecycle Active 1970s AMP Lifecycle Active 1960s AMP Lifecycle Active 1950s AMP Capital Stable
Investment fee (i) 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
Administration fee 0.60% 0.60% 0.60% 0.60% 0.60% 0.60%
Stronger Super Fee (ii) (super accounts only) 0.04% 0.04% 0.04% 0.04% 0.04% 0.40%
Member fee (iii) $7.43 per month (vii)
Switching fee Nil
Exit fee (iv) Nil except for ex GIO members (iv)
Transaction cost allowance (v) +/-0-0.38% +/-0-0.38% +/-0-0.38% +/-0-0.31% +/-0-0.30% +/-0-0.31%
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) 0.67% 0.63% 0.62% 0.55% 0.39% 0.54%


For other investment options, our fee structure is:

Fee MySuper Leave it to the experts Choose by risk level Build your own
Investment fee (i) 0.15% 0.15% to 0.40% 0.10% to 0.40% 0.10% to 2.33%
Administration fee 0.50% 0.25% to 0.60% (viii) 0.25% to 0.60% (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 $12.42 per month
Switching fee Nil Nil Nil Nil
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 +/-0.38% 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 to 0.67% 0 to 0.67% 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

      

Tools & help

How do I find my lost super or combine my super accounts?

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.

How do I tell my employer to pay my super contributions into my super account?

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.

How can I make contributions to my super account?

There are many different ways you can contribute to your super fund. Contribute now

For any help or questions, call us on 131 267.

How do I register for My AMP?

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

How can I change my investment options?

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.

How can I apply for more insurance?

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.

Find out more

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.

Get started

My super simulator

Calculate the lump sum you could have in your super and the choices you can make today that will affect how much you may have at retirement.

Launch super simulator

For any help or questions, call us on:

131 267

Monday to Friday
8.30am – 7pm (AEST)

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Important information

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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.

AMP Flexible Super – 2016 winner for outstanding value by CANSTAR Superannuation Star Ratings Report.

1 Number of AMP super customers as at 20 November 2017.

2 Favourite for super – AMP holds the largest market share by assets under management at aggregate level for retail super. Plan for Life, Marketer View – Retail managed funds, June 2017.

3 The table above sets out the investment option returns for the AMP Lifecycle Active 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.