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AMP CustomSuper - MySuper

Past 5-year return
5.96%
Admin fee
$91
Calculated Fees on 50k
$576
Compare
Lifecycle investment strategy
Active portfolio management
Insurance available on an opt-in basis or built into the employer plan
Online member access via My Portfolio
AMP CustomSuper was established in 1993 to cater for large employer groups; however, is closed to new employer plans. AMP CustomSuper MySuper was introduced in January 2014. AMP is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.AMP CustomSuper MySuper uses a lifecycle investment approach, which is designed to reduce the level of growth assets members are exposed to as they approach retirement. The MySuper 1960s option underperformed the SuperRatings Index over the 3 years to 30 June 2018. Choice members have access to a wide range of Multi-Manager and Single Manager investment options, as well as Term Deposits.Fees are lower than the industry average across all assessed account balances and discounted Administration Fees may be negotiated for an employer plan. No switching fees are charged, although changing investment options may incur transaction costs. Furthermore, an exit fee applies for partial and full withdrawals.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 track their retirement goals.
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Fees & fund features

Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.36%
Exit fee
Exit fee
$38
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.32%
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
$91
Administration fee (%)
Administration fee (%)
0.29%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.36%
Exit fee
Exit fee
$38
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.32%
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

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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