As a member of one of ANZ’s KiwiSaver schemes, when it comes to fees, we have a straightforward approach. You pay fees in two ways – and these cover absolutely everything that’s involved in the management of your investment.
First off, there’s a membership fee, which is a flat rate of $1.50 a month for members aged 18 and over. It helps to pay for the day-to-day administration of your KiwiSaver account. There is no membership fee for members under 18.
You also pay an annual fund charge, which is a percentage amount based on the fund (or funds) you’ve chosen to invest in. Most 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 in it.
The good news is we don’t charge anything else. Whenever your contributions hit your account, you make changes to your fund choice or ask for a withdrawal, there aren’t any additional charges.
"It's pleasing to see fees come down as assets have grown. All up, we continue to have a high degree of conviction in this approach"