At JUNO, we like to keep things easy.This is why we only charge one, low, monthly fee.
Enter your KiwiSaver balance
*Based on average annual growth fund fee (Sorted Fund Finder) - last reviewed 1st April 2020
This shows you the difference our low fees make to a range of balances in just one year. Investing for your retirement takes a lot longer, so imagine how big that fee difference becomes over 20, 30, 40 years or even longer. Plus, what’s not taken out of your balance in fees, stays in your retirement pot, reinvested month after month, year after year. The difference becomes even larger. If you want to know more about the magic of compounding, click here.
* We charge the same fees for all funds.
How we work this out
JUNO KiwiSaver Scheme fees assume your balance is at year-end and you pay the
applicable JUNO fees, each month.
Inflation measures the expected change over time, of the price of goods and services you want to buy.
A 2% inflation rate, like we use in this calculator, means something costing $100 today is expected to cost $102 next year, just over $104 the following year and so on.
It matters because if the cost of what you want to buy grows faster than your investment, the ‘purchasing power’ of your investment is shrinking. You want the ‘purchasing power’ of your money to at least keep pace with, and ideally beat, the rate of inflation.
*For KiwiSaver balance of $20,000. Based on average annual growth fund fee Sorted Fund Finder - last reviewed 1st April 2020
A typical KiwiSaver provider charges you an administration fee, a management fee and some even charge a performance fee too! If your KiwiSaver balance is $20,000, then the average fee is $259.29 a year*.
Are based on a monthly subscription, think Netflix and
Spotify. We only charge you one, low, monthly fee based on your balance.
The industry average for KiwiSaver funds management fees for the Growth Fund is 1.14% p.a. (according to Sorted FundFinder - last reviewed 1st April 2020) and the overall industry average admin fee is $31.29 (according to Sorted FundFinder data - last reviewed 1st April 2020).
For under 18s or balances under $5k
For balances $5k - $24,999
For balances $25k - $49,999
For balances $50k - $99,999
For balances $100k - $1 million*
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*Balances over $1 million will be charged $100 a month for every million invested
Why do fees differ between KiwiSaver providers?
Can I switch my existing KiwiSaver account to JUNO?
How safe is my money with JUNO?
Do I pay less if my balance decreases?
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