The annual fees on our KiwiSaver accounts simply have a 0.25% per annum management fee. This equates to $2.50 per $1000 that you have invested.
This fee is deducted at a daily rate and displayed on your online account in dollar figures.
As a nonprofit fund manager, our long term strategy is to drive these fees down as low as possible as we grow and have the economies of scale to do so. Simplicity NZ Ltd is 100% owned by The Simplicity Foundation and we give 15% of our fees to the Foundation, who distributes these funds to 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 ...
If you've been a KiwiSaver member for a least 3 years and are planning to buy your first home in NZ you may be eligible to withdraw the full amount of employee, employer and government contributions plus any investment returns (leaving $1,000 in the ...
If you've been in KiwiSaver for 12 months, and you're between age 18-65, AND you've contributed at least $1,043 into your account between 1 July and 30 June, you're eligible to receive a full government contribution of $521. If you joined KiwiSaver ...
The investments within the Defensive, Conservative, Balanced, Growth and High Growth 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; ...