How do low KiwiSaver fees help grow your balance?

Saving on fees each month helps grow your KiwiSaver balance. But how? We give you the lowdown on JUNO’s one low monthly fee. 

Why do fees matter?

Fees matter because they reduce your balance, meaning there is less of your money to invest and help you reach your financial goals. When it comes to KiwiSaver, this means less money for your first home deposit or retirement.

This doesn’t mean high fees are always bad. It’s great if you’re confident you’re getting good value for what you pay. Typically, this will mean getting satisfactory returns over the long term (say 10 years or more). But you might also be prepared to pay more for great service, a provider which offers great communication and stays in touch, or for a provider which invests in line with your values.

We say, make sure you know what you’re paying in fees and what you’re getting in return.

Low fees mean more money left to benefit from returns

When you pay low fees, you keep more of your KiwiSaver money, leaving more money to benefit from returns over the long term. How this works is known as the magic of compounding returns. Compounding returns can help supercharge your savings. When you earn positive returns on your balance this makes your balance larger over the long term. When you earn positive returns on a larger balance, the dollar value of the return is also larger. Which makes your balance even larger, and so on. Over the lifetime of your KiwiSaver investment (maybe 20, 30 or 40 years), this can really add up. Low fees mean more money left to benefit from returns!

Know how how much you’re paying

At JUNO, you only pay one low monthly fee, which appears monthly as a fee transaction within your KiwiSaver account transactions (shown in your member portal). Most providers charge multiple KiwiSaver fees, which can really add up! Sometimes it’s not easy to find out how much you’re paying in other fees. You might have to go through with a pen and add up many fees which have different names or calculate percentages. You might even need to check your provider’s Product Disclosure Statement to find out what fees you’re being charged. JUNO’s one low monthly fee means saying goodbye to multiple fees that eat into your savings.

JUNO’s one low monthly fee

Saving on fees helps grow your KiwiSaver balance, so there’s more money to benefit from returns!


Information correct as at 19 June 2022. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit www.junofunds.co.nz. All content is correct at time of publication date, unless otherwise indicated. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.