The Kiwibank KiwiSaver Scheme closed to new members as from 5 December 2012. It continues to operate for existing members, but no applications will be accepted to join or transfer into it on or after 5 December 2012. The information below is for general informational purposes only, and is only applicable to existing members of the Kiwibank KiwiSaver Scheme.
The following are the fees and costs you pay in relation to the Kiwibank KiwiSaver Scheme:
The fee for the administration of your accounts in the Kiwibank KiwiSaver Scheme.
$1 per calendar month.
|Management fee - Classic||
The fee for the management of each Fund in Classic.
|Management fee - Self Managed||
The fee for the management of each Fund in Self Managed.
The fee to change Investment Options, change Funds, or, if you've chosen Self Managed, to move money between Funds or change the allocation of contributions you've already made.
$25 for the third and each subsequent qualifying change you make in any 12 month period commencing on your enrolment date or the anniversary of your enrolment date, as applicable.
The management fee is calculated as a percentage of the gross asset value of each Fund on each valuation day and is reflected in that Fund's unit price. The management fee for each Fund doesn't include direct or indirect costs of buying, selling or investing in assets; extraordinary fees and expenses; or performance fees charged by the underlying fund(s) into which the Fund directly or indirectly invests. All fees are stated on a GST exclusive basis. If you want further information on these fees and charges please contact us. Trustees Executors Limited is the Trustee of the Kiwibank KiwiSaver Scheme. Kiwibank Investment Management Limited is the Issuer and Manager of the Kiwibank KiwiSaver Scheme. Kiwibank Limited and each of its directors are Promoters of the Kiwibank KiwiSaver Scheme. Units in the Kiwibank KiwiSaver Scheme do not represent deposits or other liabilities of Kiwibank Limited. Fees subject to change.