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Summit Personal Super

Past 5-year return
6.62%
Admin fee
$660
Calculated Fees on 50k
$1,200
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Suited to investors with diverse and complex investment needs, and ability to invest in term deposits.
Sophisticated suite of investment options - including managed funds and direct assets across both super and non-super investments.
Online access to view portfolio details, including consolidated investment reports.
Established in 1992 as a platform service managed by AMP, Summit Personal Super is designed for investors with diverse and complex investment needs. Summit Personal Super offers a comprehensive investment menu, providing members with access to over 300 Diversified and Single-sector managed funds, as well as Direct Shares, ETFs, LICs and Term Deposits. The Summit Select Diversified Active Balanced option underperformed the SuperRatings Index over the 5 year period to 30 June 2018; however, outperformed over the longer term. Fees for this product are higher than the industry average across all account balances assessed. A minimum member fee of $396 pa makes it particularly expensive for small account balances; however, a tiered administration fee scale provides discounts for larger account balances. Further savings can be obtained from family fee aggregation. No exit fees or switching fees are charged, although changing investment options may incur transaction costs.A comprehensive insurance offering with flexible options is provided through the AMP Elevate Insurance solution. There is no limit to the amount of Death only cover a member can apply for, while Death & TPD cover is available up to a maximum of $5 million. Both short-term and long-term Income Protection insurance is offered with a variety of waiting periods ranging from 14 to 730 days. As insurance is individually priced, our ratings are indicative only.Through North Online, members can obtain investment portfolio information, complete transactions and produce consolidated reports at any time. Members also have access to a variety of financial simulators and retirement calculators, as well as a wealth of educational materials, tools and online learning through AMP's website.
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Fees & fund features

Admin fee
Admin fee
$660
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.13%
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
0.85%
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
$660
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.13%
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
0.85%
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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Calculated Fees on 50k
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