Fees and tax
How much will I pay in fees?
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 ...
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 ...
How is KiwiSaver taxed?
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; ...
What's my Prescribed Investor Rate (PIR)
Your Prescribed Investor Rate (PIR) is rate of tax you pay on the income generated from your KiwiSaver investment. The best place to work out your PIR rate is on the IRD's calculator here. It's your responsibility to update your PIR rate if it ...
Why does 15% of my fees go to the Simplicity Foundation?
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 ...