Compare KiwiSaver Providers

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

Not sure which provider to choose?

Take our 2-minute quiz to get personalised recommendations

Lowest Fee
Simplicity
0.25% (no annual fee)
Best 5yr Return
Milford
11.2% p.a. (Aggressive)
Most Popular
ANZ
Largest by members
Providers
30+
Active schemes

45-65% growth assets

KiwiSaver Projection Calculator

Simplicity

Boutique

Cost-conscious investors who want simple, ethical investing

Total Fees
0.25% (no annual fee)
5yr Return
9.8 %
Non-profit organizationLow feesIndex fund approach+3 more
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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 %
Low fees on core index funds (from ~0.25%)Ready-made Balanced or High Growth optionsBuild-your-own portfolio from Kernel funds+1 more
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BNZ

Bank

BNZ customers wanting banking integration

Total Fees
0.45%
5yr Return
9.9 %
YouWealth platformBranch networkOnline tools+3 more
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Westpac

Bank

Westpac customers wanting convenience

Total Fees
0.40% - 0.70%
5yr Return
8.7 %
No annual feeBranch networkOnline banking integration+3 more
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ASB

Bank

ASB customers wanting integrated banking

Total Fees
0.40% - 0.75%
5yr Return
6.4 % p.a.
ASB app integrationBranch supportOnline tools+3 more
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Milford

Boutique

Investors seeking active management and strong returns

Total Fees
0.20% - 1.25%
5yr Return
9.7 %
Active fund managementStrong track recordRegular market updates+3 more
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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
6.6 %
Wide range of fundsBranch support availableMobile app+3 more
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Generate

Boutique

Digital-savvy investors wanting education and advice

Total Fees
0.85% + $36/year (average)
5yr Return
12 %
Award-winning providerOnline adviceEducational content+3 more
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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
6.2 % p.a.
Range of seven KiwiSaver fundsIndex investing approach across diversified portfoliosResponsible investing options+1 more
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Fisher Funds

Boutique

Those wanting experienced active management

Total Fees
0.50% - 1.24%
5yr Return
8.6 %
Two fund managers per fundCareSaver for over 55sStrong governance+3 more
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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
2 %
Socially responsible optionsGlidepath life-cycle optionOnline tools+3 more
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Comparison data sourced from Morningstar KiwiSaver Survey Q2 2025

Government Contribution

How Much You Can Get:

$260.72
Maximum per year
The government contributes 25 cents for every dollar you contribute, up to a maximum of $260.72 per year.

Eligibility Requirements:

  • Age: You must be 16 years or over
  • Residency: You must live in New Zealand
  • Minimum contribution: You must contribute at least $1,042.86 per year
  • Income limit: You will not qualify if you earn more than $180,000 in taxable income per year

Important: The government contribution is paid annually in July, based on your contributions from the previous year (1 July - 30 June). Make sure you meet the minimum contribution requirement to receive the full amount.

How to Choose Your KiwiSaver Provider

Important Disclaimer

This is not financial advice. The information provided is for educational purposes only and should not be considered as personalised financial advice. KiwiSaver investment decisions should be based on your individual financial situation, goals, and risk tolerance. Past performance does not guarantee future returns. We strongly recommend consulting with a qualified financial adviser before making any investment decisions.

Consider These Factors:

  • 1.
    Fees: Lower fees mean more money stays invested. Even 0.5% difference compounds significantly over time.
  • 2.
    Performance: Look at long-term returns (5+ years), not just recent performance.
  • 3.
    Fund Type: Choose based on your age and risk tolerance. Younger = more growth assets.
  • 4.
    Service: Consider communication, online tools, and customer support quality.

Quick Decision Guide:

  • Choose Simplicity if you want the lowest fees and ethical investing
  • Choose Milford/Generate if you want active management and strong returns
  • Choose a Bank if you value convenience and branch support
  • Choose Booster/Generate if you want socially responsible options

Remember: You can switch KiwiSaver providers at any time for free. Past performance doesn't guarantee future returns. Consider seeking financial advice for your specific situation.