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.


Membership fee

This is a flat $2 a month (or $24 a year) and it helps to pay for the day-to-day administration of your KiwiSaver account. It’s deducted from your KiwiSaver account every 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.

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

This is a percentage amount based on the fund (or funds) you’ve chosen to invest in. Importantly it pays for the investment management of that fund – that is the skills and expertise of our investment team who carefully manage the money you have invested. It also pays for the supervision of our scheme by an independent third-party, and our regular communications to you. The annual fund charge is calculated daily and will reduce a fund's unit price.

The current maximum annual fund charges are shown in the table below, although the actual charge may vary each year because expenses vary. Although you won’t pay more than the maximum annual fund charge percentage listed below, expenses can be carried forward and recovered in future years.

Annual fund charge
Fund Annual fund charge
(percentage of net assets)
Cash 0.42%
Conservative 0.96%
Conservative Balanced 0.96%
Balanced 1.01%
Balanced Growth 1.06%
Growth 1.11%

For more information about the ANZ KiwiSaver Scheme fees, please refer to the ANZ KiwiSaver Scheme guide and product disclosure statement.


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.


Membership fee

This is a flat $2 a month (or $24 a year) and it helps to pay for the day-to-day administration of your KiwiSaver account. It’s deducted from your KiwiSaver account every 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.
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

This is a percentage amount based on the fund (or funds) you’ve chosen to invest in. Importantly it pays for the investment management of that fund – that is the skills and expertise of our investment team who carefully manage the money you have invested. It also pays for the supervision of our scheme by an independent third-party, and our regular communications to you. It’s calculated daily and is worked out from the unit price of the fund. The annual fund charge is calculated daily and will reduce a fund's unit price.

The current maximum annual fund charges are shown in the table below, although the actual charge may vary each year because expenses vary. Although you won’t pay more than the maximum annual fund charge percentage listed below, expenses can be carried forward and recovered in future years.

Annual fund charge
Fund Annual fund charge
(percentage of net assets)
Cash 0.43%
Conservative 0.57%
Conservative Balanced 0.97%
Balanced 1.00%
Balanced Growth 1.07%
Growth 1.12%

For more information about the ANZ Default KiwiSaver Scheme fees, please refer to the ANZ Default KiwiSaver Scheme guide and product disclosure statement

 

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