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 reducing fees as we grow and benefit from economies of scale. We've already cut our fees eight times.
Simplicity NZ Limited is wholly owned by the Simplicity Foundation. We donate 15% of our fees to the Foundation, which supports New Zealand charities.
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 ...
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 ...
When a Simplicity member dies, we will pay their KiwiSaver balance to the personal representative of their estate once we have received the required legal documentation. If the member left a valid Will, this will usually be the executor once probate ...
If you've been in KiwiSaver for 12 months, are aged 16 to 65, live mainly in NZ, have contributed at least $1,043 between 1 July and 30 June, AND don’t earn more than $180,000 taxable income per year, you're eligible to receive the full government ...
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 ...