Are you ready to buy your first home?

Tired of renting and ready to buy your first home?

If your KiwiSaver money is going toward your first-home deposit, you don’t want to be paying high fees! Fees always reduce your returns, so it’s important to understand why you’re paying the fees you’re paying.

It might be completely fair, or you may be getting ripped off. Find out how much you’re paying in fees, and decide if you’re happy with what you’re getting in return. To get the most bang for your buck when you’re saving for the deposit, it’s important for your KiwiSaver money to be invested in the fund type that’s right for youAt JUNO, we want to help you get into your first home as soon as you can by charging low, fixed monthly fees to help your KiwiSaver balance grow. We aim to outperform the market with active management.

How Much More Could You Save?

See how lower KiwiSaver fees, over time can help your savings grow.

Age must be between 0 and 64
Please enter a value between $0 and $5,000,000
Please enter a value between $1,000 and $1,000,000

You could save up to

$251,417   more

with the JUNO KiwiSaver Scheme

Your KiwiSaver balance at retirement

with JUNO:
with other providers:

JUNO balance*
Other Providers*
Other Providers* JUNO balance* AGE

What fees am I currently paying?

The fees you paid are shown in a dollar amount in the annual statement received from your KiwiSaver provider. If you can’t find your annual statement, call up your provider and ask. They should be able to tell you how much you’ve paid in fees over the past year.

It’s important to know providers can charge many different types of fees, such as performance fees, management fees and administration fees. Add them together to get the total. It can get confusing and sometimes these are presented as a percentage.

Find out how much I'm paying in fees

New call-to-action


Why does JUNO have low fees?

At JUNO, we think too many KiwiSaver providers are overcharging members in fees, which is unfair. We want to help you save more money towards your first home deposit by charging low, fixed monthly fees. You might be shocked to learn how much of your KiwiSaver money is actually being eaten away by provider fees. We’re transparent, honest, and keep it simple and easy to understand.

Their Fees

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 $30,000, then the average fee is $377 a year*.

Our Fees

Are based on a monthly subscription, think Netflix and Spotify. We only charge you one, low, fixed monthly fee based on your balance.

The industry average for KiwiSaver funds management fees is 1.15% p.a. (according to Sorted FundFinder at 31 March 2019) and the overall industry average admin fee is $32 (according to Sorted FundFinder data as at 31 March 2019).


How do I withdraw my KiwiSaver money to buy my first home?

To be eligible to withdraw your KiwiSaver money for your first home, you must meet some criteria, including:

  • You’ve been a member of a KiwiSaver scheme or complying superannuation fund for at least three years.
  • You haven’t made a withdrawal before to help buy a home.
  • You don’t currently own any real estate.

There are also a number of reasons why you might not qualify to withdraw your KiwiSaver savings.

If you’ve been putting money into KiwiSaver for more than three years, you might be entitled to the KiwiSaver HomeStart Grant to help you pay for your first home.

How to get the KiwiSaver HomeStart grant

Join thousands of other Kiwis growing their savings

You can use this form to
sign up your kids too!
All you need is
We’ll Do the Rest
By clicking here, you agree to our Privacy Policy and us contacting you.
Loading, please wait

Related Articles


First-Home Buyer’s Guide

mortgage free-1.jpg
money-saving tips

Do you need a mortgage-free house when you retire?

first home

KiwiSaver: How to get more money for your first-home deposit

first home fund type.jpg
first home

KiwiSaver: Which fund is best for first-home buyers?

tiny house tips 2.jpg
first home

One millennial couple's top tips for first-home buyers

Pie Funds Management Limited is the issuer of the JUNO KiwiSaver Scheme. You can read our Product Disclosure Statement here. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a financial adviser. All content is correct at time of publication date.