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Other tools & calculators Growth Bonds - insurance bonds AMP Growth Bond Apply online Call us on 1300 158 587 Talk to a financial planner Download the PDS Start building wealth today with as little as $100 per month to help own your tomorrow with the AMP Growth Bond. Simple and tax effective saving Once your investment is in place, it's easy to manage. Tax on investment earnings is paid within the bond at a maximum rate of 30%. No tax is payable on withdrawals and you don't need to include investment earnings in your personal tax return where you have held your investment for 10 years or more and have not exceeded the 125% contribution limit in any year. . Invest for a child's future Invest on behalf of a child or grand child to create education savings or a child investment with the option to have ownership automatically transfer to the child on reaching the nominated age (between 10 and 25). The AMP Growth Bond offers you a simple, tax-effective way to start saving for your child's tomorrow, today. Estate planning confidence You can have peace of mind of knowing that, on your death, the proceeds of your insurance bond will be paid according to your wishes. The benefit will be paid directly to those you have nominated rather than to your estate, and there will be no tax payable by your beneficiaries on the amount they receive. Want to know about your statement and mailing date? Visit AMP's statements page Features Who is it suitable for? Performance Make a contribution What is it? AMP Growth Bonds are investment bonds or insurance bonds, and are a simple investment with the flexibility to be used for tax-effective savings, estate planning confidence (the ability to nominate beneficiaries), education savings or to save for your child's future financial needs. Tax is paid on any investment earnings within the bond at the company rate (currently 30%) less any deductions such as franking credits. Where an investor holds the AMP Growth Bond for 10 years or more and does not exceed the 125% contribution limit, no tax will be payable on withdrawals (i.e. investors don't need to pay personal income tax or capital gains tax on the investment gain). Features and benefits of the AMP Growth Bond Feature Description Benefit Tax paid investment earnings Any tax on investment earnings is calculated and paid within the product at a maximum rate of 30%. The actual rate may be lower due to the benefits of imputation credits within the investment options. Investors do not need to include details of their AMP Growth Bond in their personal tax return unless they make a withdrawal within the 10 year tax rule period. Potentially tax effective Tax simplicity 10 year tax rule period Where the bond is held for 10 years or more, withdrawals will be tax paid in the hands of the investor, subject to the 125% contribution opportunity. No tax payable on withdrawals 125% contribution opportunity Investors can contribute up to 125% of their previous year's contribution without re-starting the 10 year rule period. The automatic indexing feature allows an investor to have their monthly contribution automatically increased each year by up to the full 25%. Note: If the investor contributes more than 125% of the previous year's contribution or does not contribute one year and makes contributions in future years, then the 10 year period restarts. Build your investment No personal capital gains tax on switching investment units An investor can switch between options within the AMP Growth Bond at any time without triggering any personal capital gains tax (or losses). Switching investment options will not re-start the 10 year rule period. Simple switching Capital guaranteed option The AMP Cash Plus investment option is a capital guaranteed investment for those wanting peace of mind from the volatility of market movements. Security Estate planning An investor can nominate dependant and non-dependant beneficiaries to ensure any proceeds of the bond, as a result of death, are paid according to the investor's wishes - the AMP Growth Bond is dealt with outside the investor's estate. Peace of mind Child advancement version An investor can invest on behalf of a child under 16 years. Ownership of the AMP Growth Bond will 'vest' (or automatically transfer to the child) when the child reaches the nominated age between 10 and 25 years. Maintain control and access Wealth transfer Provide a financial boost Accessing your money You can withdraw $1000 or more at any time provided you maintain a minimum balance of $2,500. However, you could lose some of the tax advantages of this investment if you withdraw within the 10 year tax rule period. Your money is accessible Fees: All investment options have a flat 1% management fee. There is no contribution fee, establishment fee, inbuilt trail commission or switch fee. You may agree with your financial planner to pay a planner servicing fee. Please see the AMP Growth Bond PDS, and refer to Section 7 - Fees for more details. 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 Growth Bond Product Disclosure Statement available from AMP at amp.com.au or by calling 1300 157 173. The issuer of Growth Bond is AMP Life Limited ABN 84 079 300 379. 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. Downloads Product Disclosure Statement Read the PDS updates Investment reports View all forms Questions? AMP Corporate Super Member Survey How do I consolidate my super? ABNs, RSEs, SFNs and USIs / SPINs CustomSuper - When will I receive my statement? Member contribution (Form 08833) Manage My Account How can I update my personal details? I want to know my account balance I want to know about my statement How can I manage my account online? Provide your TFN Superannuation Learn about your choices in Super. 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