The whys and hows of mysuper’s exceptionally low fees

Just like KiwiSaver and banks, fees are charged by mysuper. But because we’re not for profit we only charge you what your account costs to manage, nothing more! The fees you pay cover just the investment management and administration fees to keep everything running smoothly and pay the experts to do what they do well – invest your retirement savings.

What fees will I pay?

Just like KiwiSaver and banks, fees are charged by mysuper. But because we’re not for profit we only charge you what your account costs to manage, nothing more! The fees you pay cover just the investment management and administration fees to keep everything running smoothly and pay the experts to do what they do well – invest your retirement savings.

0.35% mysuper fees

1.41% Average KiwiSaver fees

A breakdown of the different charges in this fund, compared to the average growth KiwiSaver fund.

How mysuper ranks:

1/31
FEES TYPE % FOR YEAR ENDING 08/09/2021 AMOUNT PAID ON A $10K BALANCE

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.
None AVG: 0.95% $0.00 AVG: $94.69

Other

This is a summary of other potential costs not covered in the categories displayed.
0.35% AVG: 0.15% $35.00 AVG: $15.22

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
None AVG: 0.02% $0.00 AVG: $1.75

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance.
None AVG: 0.30% $0.00 AVG: $29.91

Total combined fees

These are a total of management and administration charges, and performance-based fees for the year ending . They do not include fees for activities like transferring or withdrawing.
0.35% AVG: 1.41% $35.00 AVG: $141.57

0.37% mysuper fees

1.32% Average KiwiSaver fees

A breakdown of the different charges in this fund, compared to the average balanced KiwiSaver fund.

How mysuper ranks:

2/49
FEES TYPE % FOR YEAR ENDING 08/09/2021 AMOUNT PAID ON A $10K BALANCE

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.
None AVG: 0.87% $0.00 AVG: $87.02

Other

This is a summary of other potential costs not covered in the categories displayed.
0.37% AVG: 0.16% $37.00 AVG: $15.54

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
None AVG: 0.01% $0.00 AVG: $1.02

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance.
None AVG: 0.28% $0.00 AVG: $28.53

Total combined fees

These are a total of management and administration charges, and performance-based fees for the year ending . They do not include fees for activities like transferring or withdrawing.
0.37% AVG: 1.32% $37.00 AVG: $132.10

0.32% mysuper fees

1.17% Average KiwiSaver fees

A breakdown of the different charges in this fund, compared to the average conservative KiwiSaver fund.

How mysuper ranks:

1/46
FEES TYPE % FOR YEAR ENDING 08/09/2021 AMOUNT PAID ON A $10K BALANCE

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.
None AVG: 0.77% $0.00 AVG: $77.38

Other

This is a summary of other potential costs not covered in the categories displayed.
0.32% AVG: 0.12% $32.00 AVG: $12.36

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
None AVG: 0.00% $0.00 AVG: $0.08

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance.
None AVG: 0.27% $0.00 AVG: $27.05

Total combined fees

These are a total of management and administration charges, and performance-based fees for the year ending . They do not include fees for activities like transferring or withdrawing.
0.32% AVG: 1.17% $32.00 AVG: $116.86

0.76% mysuper fees

0.92% Average KiwiSaver fees

A breakdown of the different charges in this fund, compared to the average cash KiwiSaver fund.

How mysuper ranks:

5/19
FEES TYPE % FOR YEAR ENDING 08/09/2021 AMOUNT PAID ON A $10K BALANCE

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.
None AVG: 0.58% $0.00 AVG: $57.55

Other

This is a summary of other potential costs not covered in the categories displayed.
0.76% AVG: 0.07% $76.00 AVG: $6.86

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
None AVG: 0.00% $0.00 AVG: $0.00

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance.
None AVG: 0.28% $0.00 AVG: $27.65

Total combined fees

These are a total of management and administration charges, and performance-based fees for the year ending . They do not include fees for activities like transferring or withdrawing.
0.76% AVG: 0.92% $76.00 AVG: $92.05

Fees calculator

You can see what fees you’ll pay with mysuper using this handy tool. Just pick from the four mysuper Funds and enter an amount (if you’re already a mysuper member you could pop in your current account balance).

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Why do I pay fees?

The fees you pay cover just the investment management and administration fees to keep everything running smoothly and pay the experts to do what they do well. The smaller slice of the pie we take, the more there is left for you to enjoy!

Unlike say your bank where the fees charged are hidden and their profits are deducted before they pass any returns onto you (savings accounts, term deposits, current account etc) all our fees are transparent and clearly documented so you know exactly what we charge you. And because we're not for profit anything that is not spent to run mysuper is given back to our Members.

Are there any extra fees I may need to pay?

Yes. But only if you request us to complete something in particular for you. These are the main reasons for extra fees:

Investment Fund Switch Fee

If you make the decision to change investment funds you will be charged a $80 switch fee to cover the costs of buying and selling your investment. The switch fee is designed to ensure any transaction and administration costs incurred as a result of you making a decision to change your investment fund/s are borne by you, and not other members of mysuper.

Written Benefit Quote Fee

You can view your mysuper account 24/7 by logging in to your mysuper account here. Here you can see your current account balance, transaction, contributions and fees over the last 12 months.

However, if you need to know what your mysuper account was at a certain point (i.e. what was my account balance at 20 November 2016 for a relationship separation) or a detailed transaction recorded since I joined mysuper etc you will be charged $100 for a written benefit quote fee to cover the actual costs to compile this information. 

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