KiwiSaver


View ANZ Investments important information (PDF 52kB) for the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme. Effective Saturday 12 November 2016.

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme.


ANZ KiwiSaver Scheme


Fund updates


Fund information and performance


Fees and charges

Two types of charges apply to all members:

  • a membership fee that is charged directly to your KiwiSaver account, and
  • an annual fund charge that can be charged to each fund per year.

These charges will affect your returns.

Membership fee

We charge each member a membership fee of $2 per month for looking after your KiwiSaver account. We deduct the membership fee following the end of each month. If you're invested in more than one fund, this fee will be deducted from the fund with the highest balance in your ANZ KiwiSaver Scheme account. This fee will show on your ANZ KiwiSaver Scheme account statement.

You cannot claim further personal tax deductions on membership fees, because we include the amount of these fees when we calculate your share of the taxable income.

Annual fund charge

An annual fund charge is charged to each fund per year (calculated as a percentage of the net assets of the fund). The annual fund charge is calculated daily and will reduce a fund's unit price. We deduct the annual fund charge from the funds; you won't see this on your ANZ KiwiSaver Scheme account statement.

The actual charge may vary each year because expenses vary. Although you'll not pay more than the annual fund charge, expenses can be carried forward and recovered in future years. The current maximum annual fund charges are shown in the table below.

Annual fund charge
Fund Annual fund charge
(percentage of net assets)
Cash 0.44%
Conservative 0.98%
Conservative Balanced 0.98%
Balanced 1.03%
Balanced Growth 1.08%
Growth 1.13%

What's included in the annual fund charge?

The annual fund charge is made up of the following:

  • our management fee
  • the supervisor's fee
  • fund expenses
  • fees and expenses of underlying funds (that is, other funds in which the funds invest).

For more information about the ANZ KiwiSaver Scheme fees, please refer to the ANZ KiwiSaver Scheme guide and product disclosure statement (PDF 1.36MB).


ANZ Default KiwiSaver Scheme


Fund updates


Fund information and performance


Fees and charges

Two types of charges apply to all members:

  • a membership fee that is charged directly to your KiwiSaver account, and
  • an annual fund charge that can be charged to each fund per year.

These charges will affect your returns

Membership fee

We charge each member a membership fee of $2 per month for looking after your KiwiSaver account. We deduct the membership fee following the end of each month. If you're invested in more than one fund, this fee will be deducted from the fund with the highest balance in your ANZ Default KiwiSaver Scheme account. This fee will show on your ANZ Default KiwiSaver Scheme account statement.

You cannot claim further personal tax deductions on membership fees, because we include the amount of these fees when we calculate your share of the taxable income.

Annual fund charge

An annual fund charge is charged to each fund per year (calculated as a percentage of the net assets of the fund). The annual fund charge is calculated daily and will reduce a fund's unit price. We deduct the annual fund charge from the funds; you won't see this on your ANZ Default KiwiSaver Scheme account statement.

The actual charge may vary each year because expenses vary. Although you'll not pay more than the annual fund charge, expenses can be carried forward and recovered in future years. The current maximum annual fund charges are shown in the table below.

Annual fund charge
Fund Annual fund charge
(percentage of net assets)
Cash 0.45%
Conservative 0.59%
Conservative Balanced 0.99%
Balanced 1.04%
Balanced Growth 1.09%
Growth 1.14%

What's included in the annual fund charge?

The annual fund charge is made up of the following:

  • our management fee
  • the supervisor's fee
  • fund expenses
  • fees and expenses of underlying funds (that is, other funds in which the funds invest).

For more information about the ANZ Default KiwiSaver Scheme fees, please refer to the ANZ Default KiwiSaver Scheme guide and product disclosure statement (PDF 1.57MB).

 

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.