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Our fees.
The Westpac KiwiSaver Scheme has just one annual fund fee. Learn about how the annual fund fee is calculated and what it gets you.
One annual fee.
When you choose to invest in the Westpac KiwiSaver Scheme, you’ll pay just one annual fee for each fund you’re in. This is a percentage of your total KiwiSaver balance ranging from 0.25% if invested in the Cash Fund to 0.70% if you’re invested in the High Growth Fund.
Fair fees.
We believe in fair and transparent fees so that you keep more of the money you invest for your future.
- Our fees are some of the lowest in New Zealand1, and
- Our funds follow a blended active and passive management strategy.
Fund fees.
Annual fund fees are higher for funds with more growth assets like shares as the underlying costs to manage these assets are more expensive. However, these funds tend to have higher returns over time.
| Fund | Annual fund charge |
| High Growth Fund | 0.70% - that’s 70c per $100 per year |
| Growth | 0.55% - that’s 55c per $100 per year |
| Balanced | 0.50% - that’s 50c per $100 per year |
| Default Balanced | 0.40% - that’s 40c per $100 per year |
| Moderate | 0.40% - that’s 40c per $100 per year |
| Conservative | 0.40% - that’s 40c per $100 per year |
| Defensive Conservative | 0.40% - that’s 40c per $100 per year |
| Cash | 0.25% - that’s 25c per $100 per year |
Example of how fees apply to a Westpac KiwiSaver Scheme member.
Sarah invests $10,000 in the High Growth Fund. The starting value of her investment is $10,000. She is charged annual fund charges, which work out to about $70 (0.70% of $10,000). These fees might be more or less if her account balance has increased or decreased over the year.
See the latest Westpac KiwiSaver Scheme fund updates for an example of the actual returns and fees investors were charged over the past year.
How the fee is charged.
The annual fund charge fee (also known as a fund charge) is automatically deducted from your Westpac KiwiSaver Scheme Account over the course of each year and will reduce your returns. You won’t need to pay this separately and it doesn’t appear as a transaction on your account. It is shown on your annual statement. Previous years' statements are available on Westpac One® digital banking.
Things you should know.
1 This claim is based on our review of annual fund charges across a range of fund types (e.g. conservative, balanced, and growth) offered by a comparison group of 15 KiwiSaver providers, with a range of investment styles including active, passive and blended (both active and passive).
BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is a distributor, of the Westpac KiwiSaver Scheme (Scheme).
The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.
Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.
For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.