KiwiSaver scheme fees

All KiwiSaver providers will charge you fees for investment, management and administration costs. Your product disclosure statement will set out the fees they charge. 

Who decides the fees?

If your scheme is ... then the fees are ...
a default scheme negotiated by the Government, and prescribed for each scheme.
  • your employer's chosen scheme, or
  • one you applied to directly
 set by the scheme - although the KiwiSaver Act prevents the charging of 'unreasonable fees'.

The role of the Financial Markets Authority

The Financial Markets Authority, who regulates KiwiSaver schemes, is responsible for:

  • determining what constitutes 'unreasonable fees'
  • the ongoing monitoring of fees.