AMP Statement Checklist

Are you still on the right track to achieving your goals?

Each year we send out annual statements to many AMP members. While it may be tempting to simply file it away, reviewing your statement should be a key activity completed once received. Statements contain important information that can help ensure you’re on the right track to achieving your goals.

What to check when reviewing your statement

1. Are your contact details up to date?

The quickest way to update your details is to login to MyAMP and update your personal details online. Login to MyAMP now

2. Is your PIR correct?

The rate of tax you pay is called a Prescribed Investor Rate (PIR). If it’s too low, you could end up with additional tax to pay to Inland Revenue. If it’s too high, you may be entitled to claim overpaid tax back from the Inland Revenue. Check out our guide on how to get on to the right tax rate.

3. Are you in the right fund?

The right fund for you is likely to change over time depending on your circumstances and needs. Try our online fund quiz to see which fund may suit you. Start the quiz

4. Check your contributions

The amount you contribute today can potentially have an impact on your future savings. We’ve added a new feature to the MyAMP web portal to help AMP KiwiSaver Scheme, AMP Managed Funds, and eligible* NZRT members adjust their contributions conveniently.

AMP KiwiSaver Scheme members: Employee contributions

AMP KiwiSaver Scheme, AMP Managed Funds or NZRT members: One-off/regular payments

Any recent changes made to your investment or contact details may not yet be reflected in your statement.

* If your NZRT plan is eligible, you’ll see a new “Top-up” button in The MyAMP web portal.

How can I view my statements?

Just click on one of the buttons below. As soon as you log in to MyAMP, you'll be redirected to the right page with your most recent statement.

FAQs

What is an annual statement?

Your annual statement is a report that summarises your investment activity for the past year. It provides a snapshot of your account details, performance, and transaction details. If you want to see more detailed information on your transactions including a breakdown of your closing balance, please log into MyAMP.

Why do I receive an annual statement?

We have a regulatory obligation to provide you with an annual statement that details your investment activity. It helps you stay informed about the performance of your investments and ensure everything aligns with your investment goals.

How can I read and understand my statement?

Your statement will typically include sections on:

Account Information: This details your account type and current value.
Performance Summary: This summarises the overall performance of your investments over the past year.
Transaction Details: This is a summary of the transactions (contributions, fees, etc.) that took place in your account over the year.

If you have questions about specific details in your statement, don't hesitate to contact us or your adviser for clarification.

What to do after receiving your annual statement

Receiving your annual statement is a perfect opportunity to:

Evaluate your investment performance: See how your investments stack up against your initial investment goals.
Assess your risk tolerance: Has your risk tolerance changed? This is a good time to review.
Schedule a consultation with your adviser: Discuss your statement, any concerns, and potential adjustments to your investment strategy based on your current situation and financial objectives.