My review of Kiwisaver has prompted me to seek out the most cost-efficient group of funds on the market – namely, Simplicity Kiwisaver. While the rates of return on Simplicity funds are lower than the previous bank-based fund I was with, the fees are significantly lower, particularly as the fund grows in size.
Category: Kiwisaver
Kiwisaver and civic responsibility
One reason I am beginning to obsess over Kiwisaver is that I have begun to think forward to what may be the most important civic responsibility that I have to New Zealand in the future.
Thinking through the impact of Kiwisaver fees
My new habit of contributing $2 of my own cash to Kiwisaver per week has opened my eyes to the long term cost of tolerating Kiwisaver fees.
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Why I’m putting $2 per week into Kiwisaver
The problem is, at the moment I just don’t seem to give a damn about my Kiwisaver account. The fund is with a bank that is charging a regular fee, which I know is bad for my long term savings. The investment allocation is an asset type I chose a long time ago, and have never since reviewed, but I’m not in the least bit curious about what it’s invested in. There’s a bunch of money in another super account that I need to bring over from Australia, but I can never get around to it, and haven’t bothered even to calculate my potential savings from switching everything over.
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