AMP Bank has refined its SMSF lending policies to make it easier for clients to refinance existing SMSF loans. The updates follow AMP Bank's re‑entry into residential SMSF lending earlier this year with SuperEdge, and have been informed by broker engagement, feedback and early lending experiences. Key policy settings have been refined to improve practicality and consistency, while maintaining prudent credit assessment and appropriate safeguards for SMSF trustees.

What has changed.

More proportionate liquidity settings: The liquidity test has been refined from 10% of total SMSF assets to 5% of the total loan amount, preserving a sensible cash buffer while reducing unnecessary capital tie‑up.

Broader access across suitable loan sizes: The minimum loan size has reduced from $300,000 to $200,000, supporting a wider range of appropriate borrower scenarios.

Earlier entry point for suitable SMSFs: Minimum SMSF net assets have been adjusted from $300,000 to $250,000, where other eligibility and safeguards are met.

Minimum SMSF expense assumption reduced: SMSF expenses are now assessed more accurately based on typical fund costs, providing fairer serviceability outcomes that better reflect how SMSFs operate in practice.

Expanded acceptable security locations (Perth metro): Selected Perth metropolitan Zone 3 postcodes are now included, providing additional

flexibility in established metro markets.

Pre‑approvals now available: Brokers can now access pre‑approvals, helping give clients greater confidence before commencing property searches.