How are the fees calculated on my annual statement?
How are the fees calculated on my annual statement?
On your annual member statement we calculate the fees that you've been charged during the year using the 'cents per unit' methodology. Our investment management fee represents a small fraction of the daily unit price. This small fraction is multiplied by your daily balance and the total of these amounts accumulated throughout the year is shown on your member statement against the heading 'Management and administration charges'.
Our current annual management fee is 0.23% or $2.30 annually for every $1,000 invested. The fee is calculated and deducted daily and is shown as a dollar amount in your online account. As a nonprofit fund manager, our long-term goal is to continue ...
Simplicity gives 15% of its fee to the Simplicity Foundation, which then distributes these funds to nominated charities. This has been part of Simplicity's story since it started in 2016. See Our Charity for more details about how the Foundation ...
The investments within the Simplicity KiwiSaver Funds are taxed based on the tax regime that relates to each of them. So, for example, there is no tax paid on capital gains from New Zealand and Australian shares; only on dividends. International ...
If you have savings in another New Zealand superannuation or workplace savings scheme such as the Teachers’ Retirement Savings Scheme, you may be able to transfer them to your existing Simplicity KiwiSaver account. How to make a transfer? Request a ...