AMP shares and the social security factor

Article Abstract:

AMP members will need to consider the impact of shares on their social security entitlements. The value of the shares will be considered assets by the Social Security administration after it is listed. For people at the high end of the of the age pension AMP shares might affect them adversely. These people might want to consider diminishing the profits by gifting or converting to an income stream with non-super money.

Forecasts and trends

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Should you hold AMP?

Article Abstract:

AMP policyholders will have a number of tax-related decisions when they are issued stock parcels by the demutualised life insurer. The average parcel is about 500 shares and at $10 per share the average person will have an investment of $5000. Selling shares could mean large capital gains. Taxable income associated with dividends also has tax consequences the policyholder should be aware of.

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AMP: an exclusive club

Article Abstract:

AMP will pursue a listing on the stockmarket after nearly 98% of the policyholders voted to change from a mutual society to a shareholder-owned company in Nov 1987. Only 20% or 214 million shares of the highly coveted stock will be available to non-members. On the first day it becomes public, members will have the first option to buy. AMP is scheduled to be listed May 1998.

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