17 providers compared

Compare KiwiSaver Providers

Find the best KiwiSaver scheme for your retirement goals. Compare fees, performance, and features across New Zealand's top providers.

Simplicity

Lowest fees

QuayStreet

Best 5yr return

ANZ

Most members

30+

Active schemes

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45-65% growth assets

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Simplicity

Boutique

Cost-conscious investors who want simple, ethical investing

Total Fees
0.24% (no annual fee)
5yr Return
5.8 % p.a.
Non-profit organizationLow feesIndex fund approach+3
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Kernel

Boutique

Fee-sensitive, self-directed investors comfortable with index funds and digital tools

Total Fees
0.25% (no annual fee)
5yr Return
13.9 %
Low fees on core index funds (from ~0.25%)Ready-made Balanced or High Growth optionsBuild-your-own portfolio from Kernel funds+1
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InvestNow

Boutique

Cost-conscious, DIY investors who want menu choice (from ultra-low-cost passive to active/ethical) without a platform fee

Total Fees
≈0.03%–1.32% (depends on chosen fund; no platform fee)
5yr Return
6.5 % p.a.
Marketplace of multiple underlying managers (Mint, Milford, Fisher, Pathfinder, etc.)Low-cost “Foundation Series” core options (Balanced/Growth)No platform/member fee on KiwiSaver
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BNZ

Bank

BNZ customers wanting banking integration

Total Fees
0.45%
5yr Return
5.8 % p.a.
YouWealth platformBranch networkOnline tools+3
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Sharesies

Boutique

App-first investors who want low-cost index options or to mix in active/ethical choices via one platform

Total Fees
≈0.47%–1.32% (depends on chosen fund; no platform fee)
5yr Return
10.2 %
Choose funds from multiple underlying managers (Smartshares, Milford, Pathfinder, etc.)Simple in-app switchingNo platform/member fee on KiwiSaver
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Westpac

Bank

Westpac customers wanting convenience

Total Fees
0.40% - 0.70%
5yr Return
5.4 % p.a.
No annual feeBranch networkOnline banking integration+3
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Mercer

Industry

Investors wanting a big, diversified provider with multiple fund choices and no admin fee

Total Fees
0.49%–0.89%
5yr Return
5.4 % p.a.
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ASB

Bank

ASB customers wanting integrated banking

Total Fees
0.40% - 0.75%
5yr Return
6.3 % p.a.
ASB app integrationBranch supportOnline tools+3
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MAS

Boutique

Ethically minded investors who want active management and no admin fee

Total Fees
0.19% + $0.89/year (management fee varies by fund type)
5yr Return
5.7 % p.a.
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Milford

Boutique

Investors seeking active management and strong returns

Total Fees
0.20% - 1.25%
5yr Return
6.9 % p.a.
Active fund managementStrong track recordRegular market updates+3
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ANZ

Bank

Those who value bank stability and branch access

Total Fees
0.26%–0.99% + $18/year (management fee varies by fund type)
5yr Return
4.1 % p.a.
Wide range of fundsBranch support availableMobile app+3
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Generate

Boutique

Digital-savvy investors wanting education and advice

Total Fees
0.85% + $36/year (average)
5yr Return
11.5 %
Award-winning providerOnline adviceEducational content+3
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QuayStreet

Boutique

Investors wanting an actively managed boutique and are comfortable with a member fee

Total Fees
≈0.75%–1.43% + $30/year (varies by fund)
5yr Return
9.1 % p.a.
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AMP

Industry

Members wanting a big-brand provider with an app and a straightforward menu of diversified fund choices

Total Fees
0.79% - 0.99%
5yr Return
6 % p.a.
Range of seven KiwiSaver fundsIndex investing approach across diversified portfoliosResponsible investing options+1
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Fisher Funds

Boutique

Those wanting experienced active management

Total Fees
0.50% - 1.24%
5yr Return
5.4 % p.a.
Two fund managers per fundCareSaver for over 55sStrong governance+3
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Pathfinder

Boutique

Values-driven investors prioritising ethical screens and active management

Total Fees
0.96%–1.28% + $27/year
5yr Return
6.2 % p.a.
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Booster

Boutique

Value-conscious investors wanting SRI options

Total Fees
0.38%–1.74% + $36/year (management fee varies by fund type)
5yr Return
5.1 % p.a.
Socially responsible optionsGlidepath life-cycle optionOnline tools+3
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Data from Morningstar KiwiSaver Survey Q2 2025

Government Contribution

How Much You Get

$260.72
Maximum per year
25 cents for every dollar you contribute, up to $260.72/year.

Eligibility

  • Age: 16 years or over
  • Residency: Live in New Zealand
  • Min contribution: $1,042.86/year
  • Income limit: Not available above $180,000/year

Note: Paid annually in July based on your contributions from the previous year (1 July - 30 June).

How to Choose Your KiwiSaver Provider

Disclaimer

Not financial advice. Information is for educational purposes only. Past performance does not guarantee future returns. Consult a qualified financial adviser for personalised decisions.

Key Factors

  • 1.
    Fees: Lower fees = more money invested. Even 0.5% compounds significantly.
  • 2.
    Performance: Focus on 5+ year returns, not short-term.
  • 3.
    Fund Type: Match to your age and risk tolerance.
  • 4.
    Service: Tools, communication, and support quality.

Quick Guide

  • Simplicity — lowest fees, ethical investing
  • Milford/Generate — active management, strong returns
  • Banks — convenience and branch support
  • Booster/Generate — socially responsible options

Remember: You can switch KiwiSaver providers at any time for free. Past performance doesn't guarantee future returns.