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AMP Flexible Super®

Apply online

or call us on 1300 158 587

  • Login to My Portfolio to access your AMP accounts 24 hours a day, 7 days a week.

You can review and make changes to your investment choice by selecting "Change my investment mix".

Why AMP Flexible Super?

AMP Flexible Super offers simple and comprehensive investment options ideal if you are:

  • Self-employed or a sole trader
  • Seeking one super product throughout your working life and retirement.
  • An employee who would like your employer to contribute to your own fund of preference.

AMP Flexible Super is an award winning#, simple, customer focused all-in-one super and retirement product. It is suitable for personal retail members, employers, employees and their families.

Benefits of AMP Flexible Super

  • AMP Flexible Super is a flexible all-in-one solution that has simple and comprehensive options and evolves with you.
  • It places you in control of your super and retirement with many features allowing you to only pay for what you need.
  • You can tailor your account to suit your needs by upgrading or removing features at any time.
  • There are no establishment fees, no contribution fees and no fees for switching between investment options.
  • You are able to manage both your super and your retirement account with the one product, having access to a range of insurance features and investment options.

How does it perform?

Review the performance of AMP Flexible Super by:

Investment options

Take control of your super so you have peace of mind knowing that it's working to achieve your  financial goals.

AMP Flexible Super is a single product that has been designed to meet your needs throughout your  lifetime. You can join at any stage:

Flexible Super Account Choice

Investment

We offer 3 different investment levels based on whether you are looking for something simple or more sophisticated. Different fees and features apply to each investment level.

Investment choice

Review the performance of the various investment options within AMP Flexible Super.

Paul from AMP explains all you need to know about choosing your super.

How do I make a choice?

  • When considering your investment options, think about your investment goals, how comfortable you are with risk and the lifestyle you dream of in retirement.
  • By understanding your 'risk' profile and planning your long-term super strategy, you can make the best choices for your needs.   

Change your investment options at any time - it's easy!

  • Change your investment options and manage your super online. My Portfolio provides access to your AMP accounts 24 hours a day, 7 days a week.
    To review and make changes to your investment choice, select "Change my investment mix".
  • Contact your Financial Planner or locate a Financial Planner in your area to get professional advice on the investment option that best suits your needs.
  • Contact AMP for general enquiries.

 

MySuper

MySuper is a "default" investment option where your super contributions are invested automatically unless you make an investment choice. 

AMP MySuper Balanced investment option

Jeff Rogers from AMP Capital explains the benefits of AMP's MySuper Balanced investment option for members.

  • AMP has specifically designed the AMP MySuper Balanced investment option for MySuper members.
  • The investment option is simple, transparent and easy-to-understand.
  •  It provides access to a broad and diversified range of assets and investments with a focus on delivering moderate to higher returns and a medium level of risk or volatility.

MySuper Product Dashboard

AMP MySuper Balanced Dashboard

This Dashboard provides a summary of the investment performance, risk and fees for your MySuper option.

Insurance

Information for Personal Members

AMP Flexible Super offers you a flexible insurance solution that can be added to your Super account. Only pay for what you need now. If you decide you need additional coverage later, you can apply to upgrade your level of insurance cover*.

*Cover is subject to acceptance

As a member of AMP Flexible Super, you can choose from:

  • A basic level of cover through Essential Protection and
  • A more comprehensive cover through Super Protection.

Benefits of insuring yourself through your super account

Many people prefer to incorporate insurance within their super because of the advantages it offers:

  • Insurance premiums are paid directly from your super account and not your take-home pay
  • Paying premiums through super may be tax-effective
  • Obtaining insurance through super can be less expensive than if you hold cover directly
  • The insurance premium portion of contributions made is tax deductible, which "reverses out" the impact of contributions tax.
Insurance options What it covers
Essential
Protection

Provides Death cover (including a Terminal Illness Benefit) and Total and Permanent Disablement cover of up to $250,000.

  • Simple to apply by short questionnaire
  • Covers you until you turn 65
Super
Protection

Provides an insurance solution that you can tailor if you require more comprehensive cover.

Under Super Protection, you can apply for:

  • Death cover with in-built Terminal medical condition cover (no maximum insured amount)
  • Permanent incapacity cover (up to $5 million);
  • Temporary incapacity cover.

The following additional premium options are also available:

  • Future business insurability (available with Death cover  and/or Permanent incapacity cover)
  • Waiver of Premium option, so that no insurance premiums are deducted while you are totally disabled (available with Death cover and/or Permanent incapacity cover only)
  • Super Guarantee option (available with Temporary incapacity cover only), so your employer super guarantee contributions are covered

Super Protection also offers the following in-built features (depending on the cover you choose):

  • Interim cover while your insurance application is being assessed
  • CPI feature
  • Future personal insurability
  • Future income insurability

You can refer to the Insurance Fact Sheet for more information on Essential Protection and Super Protection.

Information for Employee Members

For most people, insurance is an important part of any financial plan. Obtaining insurance cover through AMP Flexible Super® can be a tax-effective way of protecting you and your family from a financial perspective.

Your AMP Flexible Super® membership will generally include insurance benefits payable in the event of Death, Terminal Illness and Total and Permanent Disability. You may also be provided with, or be able to apply for, insurance for Temporary Disability. Insurance cover will only be provided if you meet the eligibility criteria outlined in the Insurance Fact Sheet.

You should refer to your Member Benefit Schedule and your Insurance Fact Sheet for more information on the insurance provided for you.

Types of insurance cover

The type and amount of insurance cover provided by AMP will depend on a range of factors including the category of membership you join in your employer's plan and your employment status. Your employer plan will include Employee Essential Protection or Employee Flexible Protection as the basis for determining your insurance cover.

For AMP Flexible Super Employer plans with 5 or more sponsored members at commencement, only Employee Flexible Protection is available. Alternatively for employer plans with less than 5 sponsored members at commencement, only Employee Essential Protection is available.  Note that where an Employee Member has more than a 20% direct or indirect ownership interest in the employer business, that Employee Member will not be eligible for insurance within EEP. These employees can apply for personal insurance within AMP Flexible Super.

The following is summary of the insurance available in AMP Flexible Super:

Insurance feature Employee Essential Protection Employee Flexible Protection
Insurance payable if you die Death cover Death cover
Entry age range 16-64 12-69 (as at the previous 1 July)
Age cover ceases 65 70(i),(ii) 
Sum insured The sum insured is fixed and varies by age and occupation No minimum, no maximum
Insurance payable for Total and Permanent Disablement Total and Permanent Disablement (TPD) cover(iii) Total and Permanent Disablement (TPD) cover(iii)
Entry age range 16-64 12-64 (as at the previous 1 July)
Age cover ceases 65 65(i)
Sum insured The sum insured is fixed and varies by age and occupation No minimum $3 million maximum
Insurance payable for Temporary Salary Continuance Temporary Salary Continuance (TSC) benefit(iii)
Entry age range - 15-64 (as at the previous 1 July)
Expiry age - 65(i)
Sum insured - No minimum $30,000 per month maximum for 2 year benefit period $25,000 per month maximum for to age 65 benefit period
How to apply The insurer will assess whether you are eligible for standard insurance based on the information that your employer provides us

(i) When you leave your employer and are detached from the employer plan, your cover continues under Employee Flexible Protection with the following changes:

  • Any employer plan premium discounts will cease and your premium may increase,

  • Your Death cover will continue until your 99th birthday,

  • Your TPD cover will continue until your 99th birthday, but a modified TPD definition will apply after age 65, and

  • Your insurance will be converted to a fixed amount equal to the amount of cover you had on the day you were detached. This amount will be increased at each 1 July. For Death and TPD cover the increase is the higher of 5% and the annual change in the Consumer Price Index (CPI). For TSC cover the increase is the annual change in CPI and it continues until you turn 65.

  • You can cancel or reduce your insurance cover, however you will not be able to increase your cover. Should you wish to increase your cover you will need to apply for AMP Flexible Super personal insurance.

(ii) Death cover ceases at age 65 if your employer has chosen an Age Based Scale or Years of Future Service formula.

(iii) Occupation eligibility rules apply.

Do you need more cover?

If you need more insurance cover to cater to a growing family, mortgage or other reasons, you'll need to make an investment choice where the option to increase cover is available. Visit the AMP Insurance pages to learn more about your insurance options.

Learn

  • Here are some useful tools to help you make educated choices with your super.
  • Take control of your financial future. Whether it's learning more about super, reviewing your insurance needs, making a choice as to where your super is invested or seeking financial advice. 
Member Tools
Video Library

My Portfolio: Register or login to gain access to your AMP accounts 24 hours a day, 7 days a week.

To review and make changes to your investment choice, select "Change my investment mix".

What is Super? (2:47)


Watch video

Product Information:

 

Choosing your super (2:50)


Watch video

Member Forms

Watch these Videos for information you need to know about:

Calculators
Performance Updates

 

 

Contribute

Call 131 267 for more information

  • Cheque or money order

  • Personal contribution Spouse contribution Employer contribution

    Complete the superannuation contribution form

    Make a cheque / money order out to: AMP Life Limited - AMP Flexible Super

    Send to:

    AMP Life Limited
    PO Box 300
    Parramatta
    NSW 2124

    Available for employers with 1 - 5 employees

    Complete the superannuation contribution form

    Make a cheque / money order out to: AMP Life Limited - AMP Flexible Super

    Send to:

    AMP Life Limited
    PO Box 300
    Parramatta
    NSW 2124

    Note: Where the contribution is made for more than 1 employee, please attach a separate Schedule with each employee's member details and the contribution amount per employee.

  • BPay

  • Choose the right biller code from the table below depending on the type of contribution you want to make. Find out your BPAY customer reference number (CRN) instantly online.
    Personal contribution Spouse contribution Employer contribution

    Biller Code: 879080

    Quote the Customer Reference Number (CRN) on your annual statement (or log onto My Portfolio, click on your account and select Manage account > How to contribute to find your CRN).

    Biller Code: 879098

    Quote your spouse's Customer Reference Number (CRN). They can find this on their annual statement (or they can log onto My Portfolio, click on their account and select Manage your account > How to contribute to find their CRN).

    Contribution type Biller code
    SG and Award 879072
    Salary sacrifice & additional employer contributions 443721
    Member 879080

    Quote your employee's Customer Reference Number (CRN) found on your payment reminder notice or ask your employee for their CRN. They can find this on their annual statement.

    Note:

    Contributions for each employee must be paid in a separate BPAY transaction as each member has a unique CRN.

    New employees must be registered for a CRN before you make a BPAY contribution to their account. Please complete and return the Employer Nominated Application form.

  • Direct Debit

  • Personal contribution Spouse contribution Employer contribution

    Contribute regularly or once off, by completing and returning a Direct Debit request form.

    Contribute regularly or once off, by completing and returning a Direct Debit request form

    Note: If you are setting up a regular direct debit, you should monitor your employees' required contribution amounts regularly and change the direct debit amount as required.

  • InvestEasy

  • Personal contribution Spouse contribution Employer contribution

    Access InvestEasy via phone or online through My Portfolio to make regular or one-off direct debit contributions.

    To set up InvestEasy, follow the direct debit instructions above.

    Not available
  • EFT

  • Personal contribution Spouse contribution Employer contribution
    Not available

    Contact us on 131 267 or polinfo@amp.com.au for bank account or other information.

    Note: Call us to set up an ongoing EFT arrangement with us. For each contribution payment, please supply all relevant information so that we may correctly apply the contribution to your employee's account. Please ensure the payment matches the details provided.

  • Credit card

  • Personal contribution Spouse contribution Employer contribution

    One-off contributions can be made by calling 131 267

     Payments can be made by Visa and Mastercard only

    Each time a contribution from a credit card is made, it incurs a 0.88% processing fee.

    One-off contributions can be made by calling 131 267.

    Each time a contribution from a credit card is made, it incurs a 0.88% processing fee.

    Note: For each contribution payment, please supply all relevant information so that we may correctly apply the contribution to your employee's account. Please ensure the payment matches the details provided.

  • AMP eSuper

  • Personal contribution Spouse contribution Employer contribution

    AMP eSuper is an online service enabling employers to easily manage their employee super payments.

    Click here for AMP eSuper support contact details and to register for AMP eSuper. Once you have registered, you can: set up new employee super accounts; pay contributions for all linked employees; and advise of an employee ceasing employment.

    Click here to login to your AMP eSuper account and make a contribution.

    Note: You must have an existing Flexible Lifetime Super, AMP Flexible Super, CustomSuper or SignatureSuper employer account to register for eSuper.

     

    AMP eSuper is an online service enabling employers to easily manage their employee super payments.

    Click here for AMP eSuper support contact details and to register for AMP eSuper. Once you have registered, you can: set up new employee super accounts; pay contributions for all linked employees; and advise of an employee ceasing employment.

    Click here to login to your AMP eSuper account and make a contribution.

    Note: 

    You must have an existing Flexible Lifetime Super, AMP Flexible Super, CustomSuper or SignatureSuper employer account to register for eSuper.

    New employees must be registered in AMP eSuper for you to make contributions on their behalf.

  • Important notes for members / individuals:

  • Claiming a personal tax deduction - If you are self-employed and intend to claim a personal tax deduction on your personal contributions made to super, you will also need to complete and submit a Notice of Intent to claim a tax deduction on personal superannuation contributions form. We will send you an acknowledgement of your intention which you will need to retain for tax purposes.

    Other contribution types - If you're making one of the contributions below, please complete and return the relevant Australian Taxation Office (ATO) form, with the contribution. The form can be found by searching for the ATO form number on the ATO website.

    Contribution type Form name ATO form number
    Consolidation or rollover contribution (only from another super fund) Rollover Benefits Statement NAT 70944
    CGT Exempt contribution Capital gains tax exempt election NAT 71161
    Personal Injury contribution Contributions for personal injury form NAT 71162
    First Home Saver Account contribution Super contributions from a First Home Saver Account NAT 72537

    Important notes for Employers:

    New employers must register with AMP for an Employer Account before making contributions for the first time - either:

    refer to the eSuper information above or

    refer to the AMP Flexible Super Employer Guide and PDS to complete and return the AMP Flexible Super - Application for employer.

    To set up new employees, complete and return the AMP Flexible Super Employer Nominated Application form. The first contribution should accompany the form if paid by cheque, otherwise email the form to ena@amp.com.au.

 

What you need to know

Any advice in this page is general in nature and is provided by AMP Life Limited ABN 84 079 300 379 (AMP Life). 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 the AMP Flexible Super Product Disclosure Statement available from AMP at amp.com.au or by calling 1300 157 173. The issuer of AMP Flexible Super is AMP Superannuation Limited ABN 31 008 414 104. AMP Life is part of the AMP Group and can be contacted on 1300 157 173 or askamp@amp.com.au. If you decide to purchase or vary a financial product, AMP Life and/or other companies within the AMP Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.

® Registered trademark of AMP Limited ABN 49 079 354 519