What are the fees?

You will be charged fees for investing in SuperLife Invest or the SuperLife workplace savings scheme. Fees are deducted from your investment and will reduce your returns. If we invest in other funds, those funds may also charge fees. The fees you pay will be charged in two ways:

  • regular charges (for example, fund charges). Small differences in these fees can have a big impact on your investment over the long term; and
  • one-off fees (for example, a withdrawal fee)

These are as follows:

Fund Fund charges (per annum of the fund’s net asset value)
SuperLifeAgeSteps
Age 20 0.52%
Age 30 0.51%
Age 40 0.51%
Age 50 0.50%
Age 60 0.49%
Age 70 0.47%
Age 80 0.45%
Age 90 0.43%
Managed Funds
SuperLifeIncome 0.45%
SuperLife30 0.46%
Ethica 0.59%
SuperLife60 0.49%
SuperLife80 0.50%
SuperLife100 0.52%
Sector Funds
NZ Cash Fund 0.42%
NZ Bonds Fund 0.44%
Overseas Bonds Fund 0.49%
Overseas Non-government Bonds Fund 0.44%
Property Fund 0.48%
NZ Shares Fund 0.49%
Australian Shares Fund 0.49%
Overseas Shares (Currency Hedged) Fund 0.48%
Overseas Shares Fund 0.48%
Emerging Markets Fund 0.94%
UK Cash Fund 0.39%
ETF Funds
NZ Cash ETF Fund 0.42%
NZ Bond ETF Fund 0.44%
Global Bond ETF Fund 0.49%
NZ Dividend ETF Fund 0.49%
NZ Top 50 ETF Fund 0.49%
NZ Top 10 ETF Fund 0.49%
NZ Mid Cap ETF Fund 0.49%
NZ Property ETF Fund 0.49%
Australian Top 20 ETF Fund 0.49%
Australian Dividend ETF Fund 0.49%
Australian Financials ETF Fund 0.49%
Australian Property ETF Fund 0.49%
Australian Resources ETF Fund 0.49%
Australian Mid Cap ETF Fund 0.49%
Total World ETF Fund 0.50%
US 500 ETF Fund 0.44%
Europe ETF Fund 0.49%
Asia Pacific ETF Fund 0.49%
US Large Growth ETF Fund 0.47%
US Large Value ETF Fund 0.47%
US Mid Cap ETF Fund 0.47%
US Small Cap ETF Fund 0.47%
Emerging Markets ETF Fund 0.63%

 

Other charges and individual action fees

The scheme has an administration fee. The cost to you is $12 a year (regardless of the number of investment options you choose to invest in, or the number of times you change your investment options). It is deducted at $1 each month.

If you obtain insurance through the scheme, the following additional fees are charged each year:

 Insurance Fee
As applicable:  
Life $33
Disability income $33
Medical $0

NB: Special fees may apply to some employer groups. 

The scheme also has a paper statements fee. You will also be charged this fee if you choose to receive statements and other SuperLife communications in paper form. The cost to you is $18 a year. It is deducted at $1.50 each month.

In the case of the SuperLife workplace savings scheme, where the supplement for your employer allows you to withdraw money from your member account and transfer it to a KiwiSaver scheme and the transfer is to a KiwiSaver scheme other than the SuperLife KiwiSaver scheme, you may be charged a withdrawal fee of $50.

Changing fees

We may change the fees and charges payable by an investor at any time. Where we increase a fee or charge, we will give you notice of the change. We must publish a fund
update for each investment option showing the fees actually charged during the 

most recent year.