FAQs
Joining
Anyone under 65 can join KiwiSaver even if you are not working. If you are over 65 and a member of another KiwiSaver Scheme then it’s ok to transfer to us too.
If an employee does not opt out of KiwiSaver after the first eight weeks of employment, their savings are locked in until the employee reaches the age of eligibility for New Zealand Superannuation (currently 65), or for a minimum of five years, whichever is later. There are exceptions – early withdrawals may be permitted for first home purchase, significant financial hardship, serious illness, death, or permanent emigration (terms and conditions apply).
Changing providers is really easy. All you need to do is complete our 2 page application form and return to us with two copies of I.D. We then update IRD and your ongoing contributions will be immediately rediverted to us. We then contact your current provider and arrange for the funds they have to be transferred to us. They have 35 days to pass the funds to us once we have sent them a request. There are no fees invovled in transferring and basically once you've sent the application form to us we take care of the rest on your behalf - easy!
Likewise, if you wanted to move away from Fisher Funds KiwiSaver you would just complete the form for another provider. Before you did this we would encourage you to give us a call so we can discuss your account and situation in more detail.
If you are not employed or self employed there is a $100 minimum initial investment, otherwise, no minimum. The Scheme does not have a minimum ongoing annual contribution.
For employees – after the three month anniversary of the first contribution received date
For non-employees – after the three month anniversary of the active choice received date
For non-employees – after the three month anniversary of the active choice received date
Once we have received and processed your application form we will forward these details onto the IRD. The IRD will then send your employer a letter advising that you have joined a KiwiSaver scheme and to begin making deductions if not already doing so.
This notification process may take some time so to avoid any potential delays we recommend that you advise your employer you have joined KiwiSaver, how much you want to contribute and when you want your contributions to commence.
Yes. Everyone under the age of 65 is eligible to join KiwiSaver. Learn more about how KiwiSaver applies for children.
Yes. An IRD number is mandatory. Click here to obtain an IRD number application form if required.
MembersOur KiwiSaver scheme is governed by a Trust Deed and regulated similarly to registered superannuation schemes. It has been registered with the Government Actuary. This means our Scheme has met certain minimum ongoing requirements. We also provide detailed disclosure information to help people make a choice. Trustees Executors Superannuation Limited is the trustee of the Scheme. Neither the Government nor scheme providers guarantee any individual scheme.
Fisher Funds updates the unit price of the Funds within the Fisher Funds KiwiSaver Scheme every business day on our website. Every member will be emailed a monthly newsletter with updates on returns and the companies the Scheme invests in. Members will also receive a detailed transaction statement every three months. You can also view your account online at any time.
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Yes you can. Go to our homepage and select register on the online access button at the top right and follow the steps from there. If any of the security data you enter does not match our system it will not let you proceed. If that happens give us a call on 0800 FFKIWI and we’ll sort you out. Once you are registered you are able to view the number of units you own and the value of these, drill down to each transaction on your account, update personal details and you can also print statements of your account for any period of time you specify.
What fees does Fisher Funds charge?
The following fees will be charged (these are the current fees - they are subject to adjustment):
The following fees will be charged (these are the current fees - they are subject to adjustment):
| Fee Type | Explanation |
| Administration |
If you joined before 1 May 2011 $2.00 per month per member. If you joined after 1 May 2011 $3.00 per month per member. |
| Management Fee |
Growth fund - 0.95% per annum. This fee is calculated daily on the gross asset value of the investment product and paid monthly.
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| Performance Fee (Growth Fund only) |
10% of net returns in excess of the "cash Rate" - the percentage change in the NZX 90 Bank Bill Index. This fee is calculated daily and paid twice yearly - June and December |
| Trustee Fee | 0.04% per annum of the gross asset value of the Scheme for trusteeship services. |
| Custodial and Other Administration Fees | 0.06% per annum of the gross asset value of the Scheme for custody, unit pricing, investment accounting and cash handling. An accounting fee of $10,000 per annum across the Scheme is also payable. |
| Joining Fee | Nil |
| Transfer Fee | Nil |
| Withdrawal Fee | Nil |
| Switch Fee | 2 free switches per annum |
Yes, after 12 months of membership. A contributions holiday request form can be obtained here.
Yes. A $100 minimum.
We never make predictions about future returns because past performance is not a reliable guide to future performance. Returns will vary depending on share market movements, the companies selected for the Scheme, and the value of dividends paid by those companies. Share prices do not always go up, especially over shorter periods of time. However, over longer time periods, money invested in shares has historically “appreciated” or grown more than money invested in other types of investments.
How you contribute depends upon your situation. Click here for a full run through of your options.
Yes, you may be able to.
As a first step we suggest contacting your super scheme provider to check that they do allow the transfer of funds to KiwiSaver accounts and also whether there are any other fish hooks about early transfer e.g. early withdrawal penalties. If you want to go ahead, then simply complete our Super transfer form, send in to us and we'll organise the transfer into your Kiwisaver account.
General
A PIR is the rate at which your investment income is taxed. Click here to see how to calculate your PIR.
No they are not. The KiwiSaver Act specifically excludes redundancy payouts from the definition of Salary or Wages so your redundancy payout will have no money deducted for KiwiSaver.
Yes you can, however, the Government will not match any contributions you make whilst you are not resident in NZ.
We’ve got a page dedicated to member tax credits, or MTC’s as they’re commonly known. MTC's have been made harder than they should be but if you follow this link we've taken away the complexity for you.
If you stop working for any reason, your workplace KiwiSaver deductions will stop, just like your PAYE deductions will, but your KiwiSaver account will stay open.
You have the option to continue contributing to KiwiSaver on a voluntary basis - and if you want to receive the annual Government tax credit payment of $521, you will need to contribute at least $1,042.86 yourself.
If you don‘t want to keep contributing, you don‘t have to. Just do nothing.
When you are employed again in the future, workplace contributions will start again automatically.