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 you. At JUNO, we want to help you get into your first home as soon as you can.

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

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with the JUNO KiwiSaver Scheme

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JUNO balance*
Other Providers*
Other Providers* JUNO balance* AGE
* How we worked this out?

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.

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first-home-internal-dollar-bills

Why does JUNO have low fees?

At JUNO, our goal is simple. We want to help you save you more money towards your first home deposit by charging low, fixed monthly fees.

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).

first-home-internal-house

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.


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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.