Does it cost me anything to have an ASB KiwiSaver Scheme account?

Last Updated: 27 Mar 2020

Yes, the ASB KiwiSaver Scheme currently has two sets of charges.  

For each ASB KiwiSaver Scheme member these currently are:

  1. An administration fee of $2.50 per month. 
  2. Annual fund charges ranging from an estimated 0.35% - 1.00% p.a. of the net asset value of the fund. This fee covers the management of the ASB KiwiSaver Scheme. 

These charges ensure you get:

  • Robust governance, including from the ASB Investment Committee, that supports all investment decisions.
  • World-class investment managers who are highly experienced with investing money.
  • Access to digital tools such as FastNet Classic, ASB mobile features, our KiwiSaver calculator and our fund recommendation questionnaire.
  • Research and specific advice from leading industry experts about the construction and management of our funds.
  • Regular communications that keep members updated about their account and how to make the most of KiwiSaver.
  • Advice from qualified staff.

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