KiwiSaver fees calculator
What a higher annual fund charge, plus a member fee, costs you by 65. Two balances grow side by side and the gap opens year by year.
The short answer
For a 30 year old earning $70,000 with $20,000 in a balanced fund, paying a 1.2% fund charge plus $36 a year instead of 0.5% costs about $33,090 by 65 in today’s dollars. That is 12% of what they would otherwise have.
less at 65 in today’s dollars · $66,176 in future dollars
Fee B is lower than fee A here, so the gap shows as a negative number.
| With fee A | $276,558 |
| With fee B | $243,468 |
- With fee A
- With fee B
Show the chart as a table
| Age | Fee A | Fee B | Gap |
|---|---|---|---|
| 31 | $24,535 | $24,362 | $173 |
| 32 | $29,170 | $28,794 | $376 |
| 33 | $34,506 | $33,895 | $611 |
| 34 | $39,961 | $39,078 | $883 |
| 35 | $45,536 | $44,344 | $1,193 |
| 36 | $51,234 | $49,694 | $1,541 |
| 37 | $57,057 | $55,129 | $1,928 |
| 38 | $63,008 | $60,652 | $2,356 |
| 39 | $68,996 | $66,171 | $2,825 |
| 40 | $75,114 | $71,778 | $3,337 |
| 41 | $81,365 | $77,474 | $3,891 |
| 42 | $87,751 | $83,262 | $4,489 |
| 43 | $94,275 | $89,143 | $5,133 |
| 44 | $100,940 | $95,118 | $5,822 |
| 45 | $107,747 | $101,188 | $6,558 |
| 46 | $114,700 | $107,356 | $7,343 |
| 47 | $121,801 | $113,623 | $8,178 |
| 48 | $129,053 | $119,990 | $9,063 |
| 49 | $136,460 | $126,459 | $10,000 |
| 50 | $144,023 | $133,032 | $10,990 |
| 51 | $151,745 | $139,711 | $12,035 |
| 52 | $159,631 | $146,496 | $13,135 |
| 53 | $167,682 | $153,390 | $14,292 |
| 54 | $175,901 | $160,394 | $15,507 |
| 55 | $184,293 | $167,511 | $16,782 |
| 56 | $192,859 | $174,741 | $18,117 |
| 57 | $201,603 | $182,088 | $19,515 |
| 58 | $210,528 | $189,552 | $20,977 |
| 59 | $219,492 | $196,988 | $22,504 |
| 60 | $228,644 | $204,548 | $24,096 |
| 61 | $237,989 | $212,234 | $25,755 |
| 62 | $247,531 | $220,047 | $27,483 |
| 63 | $257,009 | $227,727 | $29,282 |
| 64 | $266,683 | $235,533 | $31,150 |
| 65 | $276,558 | $243,468 | $33,090 |
Rules as at 10 November 2026. Paid by no KiwiSaver provider. General information, not financial advice.
What each fee level leaves you at 65
For a 30 year old earning $70,000 with $20,000 in a balanced fund at the default rate, with no member fee. The gap is compared with the lowest fee shown.
| Annual fund charge | At 65, today’s dollars | Less than 0.25% |
|---|---|---|
| 0.25% | $289,366 | $0 |
| 0.5% | $276,558 | $12,807 |
| 0.75% | $264,477 | $24,889 |
| 1% | $253,078 | $36,288 |
| 1.25% | $242,318 | $47,048 |
| 1.5% | $232,158 | $57,208 |
Questions people ask
How are KiwiSaver fees charged?
Mostly as an annual fund charge, a percentage of your balance, sometimes with a fixed member or administration fee in dollars.
How much do New Zealanders pay in KiwiSaver fees?
KiwiSaver members paid $978.2 million in fees in the year to 31 March 2026, about 0.7% of funds under management (FMA).
Why compare two fees instead of showing one?
The government’s assumed returns are already after average fees for each fund type, so the most useful figure is the difference between two fee levels.
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