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Fees

Your fees cover our costs of managing and administering the Kiwi Wealth Super Scheme. They’re taken automatically out of your account, and will affect your returns.

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What we charge

We charge a standard annual management fee of up to 1.5% of your account balance per year, subject to a minimum fee of $120 a year. Fees can range from 0.5% to 1.5%.

However, there are other costs associated with investing your money that aren’t included in the annual management fee. This includes things like the costs of buying and selling investments, such as brokerage. These are a separate expense for each investment fund, charged on top of the annual management fee.

Because of this, your actual fee will vary depending on your investment direction as well as your account balance.

You can use the fee calculator at the bottom of the page to work out how much your annual management fee might be.

You can see an estimate of how these extra expenses affect the fees you pay in the table below:

Investment Fund Annual Management Fee
(Estimate)*^
Other Fees (Estimate) Total estimated annual
fund charges*^ 
(as a % of your fund(s) balance)
Conservative 1.50% 0.04% 1.54%
Balanced 1.50% 0.10% 1.60%
Growth 1.50% 0.15% 1.65%

* Subject to the minimum of $120 per year. Actual fees will vary based on your account balance and investment direction, as set out above.
^ Different fees may apply if you are an Employer Member, depending on the plan your employer has set up with the Kiwi Wealth Super Scheme. Any different fees are set out in the Supplement given to you with the Product Disclosure Statement.

The estimates in the table above are based on the fees paid by a member with a fund balance of $10,000.

What the fees cover

The fees we charge cover our costs of managing and administering the Kiwi Wealth Super Scheme. This includes:

  • Public Trust’s services
  • Administration services
  • Investment management services
  • Registry and custody costs
  • Marketing
  • Auditing
  • Legal
  • Printing, and postage

What we don’t charge you for

We don’t charge you any fees based on fund performance. We also don’t charge extra fees for:

  • joining or leaving the Kiwi Wealth Super Scheme,
  • changing your investment direction,
  • making withdrawals,
  • arranging a transfer from another superannuation scheme (but the provider you are transferring from may charge you fees or there may be bank charges associated with the transfer).

Fees Calculator