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AMP CustomSuper

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$1,180
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Administration fee rebates of up to 1.20% p.a. may apply depending on the size of the employer plan
Dynamic investment menu with over 80 investment options
Online member access via My Portfolio
Straight through contribution processing
Choice of single sector or age based LifeStages investment option
AMP CustomSuper was established in 1993 to cater for large employer groups; however, is closed to new employer plans. AMP is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.This product offers a comprehensive investment menu, featuring a wide range of Multi-Manager and Single Manager options, as well as access to Term Deposits. The AMP Balanced Growth option underperformed the SuperRatings Index over each time period assessed to 30 June 2018.Fees are higher than the industry average across all assessed account balances; however, fee savings can be made on larger account balances via administration fee rebates, depending on the size of an employer plan and a member's account balance. Furthermore, no exit or switching fees are charged, although changing investment options may incur transaction costs. AMP CustomSuper provides members with access to Death only, Death & TPD and Income Protection (IP) cover. Members can apply for unlimited Death cover and up to $3 million of TPD cover and may apply to increase their existing cover upon the occurrence of certain life events without medical evidence. IP is available over a 2 year or to age 65 benefit period, with a choice of 30, 60, 90 and 180 day waiting periods. As premiums are tailored to individual employer plans, our assessments are indicative only.AMP's website contains a variety of financial simulators and retirement calculators, as well as a Goals info centre with a wealth of online tools and educational material. The fund's interactive digital advice tool 'AMP Goals 360' is designed to assist members to plan and keep on track of their retirement goals.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
1.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
1.40%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.61%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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FAQs

The value of your assets affects whether you can qualify for the age pension – and, if so, how much.

The following assets are exempt from the assets test:

  • your principal home and up to two hectares of used land on the same title
  • all Australian superannuation investments from which a pension is not being paid – this exemption is valid until you reach age pension age
  • any property or money left to you in an estate, which you can’t get for up to 12 months
  • a cemetery plot and a prepaid funeral, or up to two funeral bonds, that cost no more than the allowable limit
  • aids for people with disability
  • money from the National Disability Insurance Scheme for people with disability
  • principal home sale proceeds you’ll use to buy another home within 12 months
  • accommodation bonds paid on entry to residential aged care
  • any interest not created by you or your partner
  • a Special Disability Trust if it meets certain requirements
  • your principal home, if you vacate it for up to 12 months
  • granny flat rights where you pay more than the extra allowable amount

For full pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$253,750

$456,750

Couples living together

$380,500

$583,500

Couples living apart due to ill health

$380,500

$583,500

Couples with only one partner eligible

$380,500

$583,500

For part pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$550,000

$753,000

Couples living together

$827,000

$1,030,000

Couples living apart due to ill health

$973,000

$1,176,000

Couples with only one partner eligible

$827,000

$1,030,000

For transitional rate pensions, reductions apply when your assessable assets exceed these thresholds:

Category

Home owners

Non-home owners

Singles

$503,250

$706,250

Couples living together

$783,000

$986,000

Couples living apart due to ill health

$879,500

$1,082,500

Couples with only one partner eligible

$783,000

$986,000

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