Simplicity cuts member fees, lowers barrier to entry for investment funds too
As a not-for-profit, the benefits of scale go back to our members.
We've already cut our membership fee for children to $0.
From March 1, we've reduced our membership fee for everyone else from $30 to $20 a year. That's more than $380,000 a year for our members.
And until now, we've donated 15% of our management fees to charity. We're now including the membership fee too, so 15% of all fees will go to charity. That's another $115,000+ a year for good causes.
We're also lowering the minimum to open an Investment Fund from $5,000 to $1,000. They have the same fees and investments as our KiwiSaver funds. There are also funds for NZ Shares and NZ Bonds, with even lower fees.
If you don't already have an Investment Fund with us, you can apply using the button below. We'll need a little more information than for KiwiSaver. It only takes a few minutes. Once open, you'll see your investments online, including KiwiSaver, all on the same page.
Over 9,000 members have already invested more than $500 million in our Investment Funds. You can read about them here, with FAQs here.
Thanks for your support. We're delighted to be cutting fees, giving more to charity, and opening our funds up to more investors.
Please keep talking about us, because word of mouth is simply the best way to grow %)