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  2. It’s now much easier to see what your KiwiSaver costs

It’s now much easier to see what your KiwiSaver costs

Page last updated: 26 Feb 2018

This year your annual KiwiSaver statement may look a little different. All providers now have to show you the total amount of fees you’re paying in dollars.

This means you’ll clearly see what you’ve paid into KiwiSaver and also how many dollars have been taken out in fees.

How to know your fee is reasonable                                  

The dollar amount of fees you pay varies depending on:

  • How big your KiwiSaver balance is – the bigger the balance, the greater the fee
  • The type of investment fund you’re in – generally lower risk funds are cheaper than higher risk funds but the return on lower risk funds is less over the long term
  • Your KiwiSaver provider – some providers charge higher fees than others.

You should only be paying higher fees if you are confident your chosen fund will consistently provide higher returns than other similar funds with lower fees.

Watch the video to learn more.


Example: Balanced Fund*
What you could be paying in fees

$10,000 KiwiSaver balance

$50,000 KiwiSaver balance

What you’ll pay



Average dollar fee



Lowest fee



Highest fee

*Average fee you could pay if investing in a balanced fund with different balances. This table also shows the highest and lowest fee you might pay. All amounts are based on the total fees shown in the Sorted KiwiSaver Fund finder tool.

What to do when your KiwiSaver statement arrives

Your statement arrives, by letter or email, between April and June.

 FMA KiwiSaver tracker

You can also use Sorted’s KiwiSaver Fund Finder.

  • Read more about the costs involved in investing  
  • Have a chat with your provider about the fees you’re paying – especially if you don’t think you’re getting good value for money.