AMP KiwiSaver

AMP is a financial services company that provides investments, insurance and financial advice to New Zealanders.

Compare AMP KiwiSaver

If you’re considering opening a KiwiSaver fund with AMP, check out Canstar’s latest Star Ratings for its products. The following table is a snapshot of AMP KiwiSaver products for a balanced fund with a $50k balance:

Compare KiwiSaver funds

Types of AMP KiwiSaver funds

AMP offers a whopping 28 different investment strategy options for the AMP KiwiSaver Scheme. Seven of these are diversified funds with various levels of risk and are by far the most common options, while the remainder are more specialised funds with focuses such as real estate or international shares.

AMP’s seven most popular portfolios are ranked for risk on a 1-7 scale; 1 is the least risky with the lowest expected returns, whilst 7 is high risk with high potential earnings. AMP’s Lifesteps Investment Programme automatically changes your investment portfolio as you get older, from higher returns to lower risk. These funds are summarised below:

Portfolio Name Risk indicator (1-7) Estimated annual fees Lifesteps age bracket
AMP Default Fund 2 0.42% N/A
AMP Conservative Fund 3 1.04% 65+
AMP Moderate Fund 3 1.16% 57-64
AMP Moderate Balanced Fund 3 1.22% 48-56
AMP Balanced Fund 4 1.23% 40-47
AMP Growth Fund 4 1.27% 31-39
AMP Aggressive Fund 4 1.38% Under 31


Eligibility to open an AMP KiwiSaver account

You are eligible to join the KiwiSaver scheme if you are:

  • Younger than the qualifying age for New Zealand superannuation (currently age 65)
  • Over the age of 18
  • Living or normally living in New Zealand
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely

How to open an AMP KiwiSaver account

Since AMP is a default KiwiSaver provider, you may be automatically enrolled in the AMP KiwiSaver scheme when you start at a new employer – either because AMP is your employer’s preferred provider, or because you haven’t specified your own provider. If that’s the case, then you already have an account – you don’t need to do anything!

If you’d like to open a new AMP KiwiSaver account, you can apply online on the AMP website; call AMP on 0800 267 263 Monday to Friday; or email You will need a couple of things:

  • Your IRD number
  • Your NZ drivers licence or NZ Passport

AMP KiwiSaver FAQs

Yes. You can log in to your AMP account using the link on the AMP website, where you can manage your investment portfolio, monitor your balance, invest money or apply for a withdrawal.

Your money is invested using the investment portfolios outlined above – you can select up to seven different portfolios to invest your money in, allocating a certain percentage to each.

Since KiwiSaver is an initiative of the New Zealand Government, your funds are held by the New Zealand Guardian Trust Company (a government-owned company) on your behalf. AMP functions as the administration manager and investment advisor for your KiwiSaver fund.

Compare KiwiSaver funds

You can transfer all of your existing KiwiSaver balance into your new AMP account. Once you open an AMP KiwiSaver account, AMP will automatically transfer your balance from your old provider to your new account. Your old scheme provider may charge you a transfer fee – contact your previous provider for further information.

The main purpose of the KiwiSaver scheme is to save for retirement, so you are able to withdraw money once you reach the KiwiSaver retirement age of 65 years. There are also several circumstances when you can withdraw money earlier, which are:

  • Buying your first home
  • Permanently moving to another country
  • Experiencing or are likely to experience significant financial hardship
  • Having a serious illness or injury

AMP is one of the largest financial services providers in New Zealand, founded over 160 years ago. The company currently boasts more than 830,000 investment, savings and insurance products, of which roughly 250,000 are for KiwiSaver customers. AMP’s KiwiSaver Scheme manages over $3 billion in savings for New Zealanders, and in 2015 was awarded a platinum rating from SuperRatings as a ‘best value for money’ KiwiSaver provider.

AMP is also very active in the community. The company awards a large number of scholarships each year to people of all ages, to help them pursue their dreams in whatever area they are most passionate. National and Study Start Scholarships are valued at $10,000, while Regional and People’s Choice scholarships are valued at $5,000.

AMP KiwiSaver Scheme - AMP Default Fund

Canstar Research
Award: 5 Star Rating KiwiSaver Fund

Written by: Sam Bloom | Last updated: April 16, 2018