Our Fees

What are the charges?

The charges (fees and expenses) for your investment are paid by the Scheme. You do not need to pay these charges directly, they are reflected in the value of your KiwiSaver savings.

The charges paid from your investment in the Scheme are:

  • Management, trustee and custody fees
  • Administration and registry fees
  • Underlying investment manager fees
  • Expenses
Our fee structures

At Generate we believe in being transparent, including the fees we charge to manage your Generate KiwiSaver Scheme investment.



Conservative Fund
Management fee 1.00%
Trustee and Custody Fee Up to 0.07%
Administration fee $3 per member per month
Operating and
administration expenses
Manager’s operating and administration    
expenses are recoverable from the
Scheme. Whilst the total amount of
these expenses cannot be ascertained
until they are incurred and will vary                        
from time to time, it is expected the
maximum expense for members in
each Fund will be 0.20% per annum
(excluding transaction costs such as
brokerage and buy-sell spreads). To
the extent that actual total expenses
exceed the target, we may choose not
to recover such expenses.
Estimated
underlying
management fees            
of International
Equities Managers

Not applicable.
Potential
underlying
performance fees
of International
Equities Managers

Not applicable.

Growth Fund
Management fee 1.00%
Trustee and Custody Fee Up to 0.07%
Administration fee $3 per member per month
Operating and
administration expenses
Manager’s operating and administration
expenses are recoverable from the Scheme.
The International Equities Managers also
charge operating and administration expenses
within the underlying investments. Whilst the
total amount of these expenses cannot be
ascertained until they are incurred and will vary
from time to time, it is expected the maximum
expense for members in each Fund will be 0.20%
per annum (excluding transaction costs such as
brokerage and buy-sell spreads). To the extent
that actual total expenses exceed the target, we
may choose not to recover such expenses.
Estimated
underlying
management fees
of International
Equities Managers

0.31% – based on the fund’s investments
in International Equities Managers for the year to
31 March 2016.
Estimated
underlying
performance fees
of International
Equities Managers

0.06% – based on the fund’s investments
in International Equities Managers for the year to
31 March 2016.

Focused Growth Fund
Management fee 1.00%
Trustee and Custody Fee Up to 0.07%
Administration fee $3 per member per month
Operating and
administration expenses
Manager’s operating and administration
expenses are recoverable from the Scheme.
The International Equities Managers also
charge operating and administration expenses
within the underlying investments. Whilst the
total amount of these expenses cannot be
ascertained until they are incurred and will vary
from time to time, it is expected the maximum
expense for members in each Fund will be 0.20%
per annum (excluding transaction costs such as
brokerage and buy-sell spreads). To the extent
that actual total expenses exceed the target, we
may choose not to recover such expenses.
Estimated
underlying
management fees
of International
Equities Managers

0.48% - based on the fund’s investments
in International Equities Managers for the year to
31 March 2016.

Estimated
underlying
performance fees
of International
Equities Managers

0.09% – based on the fund’s investments
in International Equities Managers for the year to
31 March 2016.

All percentages are applied per annum. All fees include GST (if any).

GST, where it applies, has been included in the figures given in the above table.

Get in touch

Give us a call on 0800 855 322 to speak to one of our advisers or

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