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Home / Business / Personal Finance / KiwiSaver

What are you really paying in KiwiSaver fees?

NZ Herald
18 Sep, 2016 11:00 PMQuick Read

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KiwiSaver providers take their slice in fees - but are they fairly telling you how much you're really paying?

KiwiSaver providers take their slice in fees - but are they fairly telling you how much you're really paying?

Many KiwiSavers are in the dark over the individual costs to manage their money because most providers don't give the full dollar figure in annual member statements.

KiwiSaver providers are required to send out an annual statement to members which typically show a person's account balance, contributions, annual member fee and tax paid.

Read More:
• KiwiSavers in the dark about fees

But analysis of statements for the eight largest KiwiSaver providers show just three - Mercer, ASB and Kiwi Wealth - revealed the full dollar costs.

Use our calculator to work out the true dollar amount of your KiwiSaver fees:

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