Tax and fees


Tax on your member contributions

Member contributions are calculated on your before-tax salary but deducted from your after-tax income. This means member contributions are deducted from your pay after tax.

Tax on your employer contributions

Contribution tax is deducted from employer contributions before they are credited to your account. The amount of tax varies depending on the total amount of:

Contribution tax rates

Total income plus employer contributions Tax rate %
Up to $16,800 10.5
Between $16,801 and $57,600 17.5
Between $57,601 and $84,000 30.0
Over $84,001 33.0


The return you get from an investment is only one side of the equation. The other, of course, is cost. We monitor UniSaver’s costs and expenses closely. The size of the scheme means we can negotiate very competitive investment management fees with our investment manager and the fees associated with other service providers. Fixed costs are shared among approximately 9,000 members, which also helps keep them low on a per member basis.

Total fees graph 1218 v2

This graph shows the total fees for $100,000 invested in UniSaver's three main funds against the average for KiwiSaver schemes with a similar mix of assets included a survey by Morningstar - an independent company that monitors fund performance, including fees.

Investment management fees

Investment management fees are deducted from investment returns before they are applied to your accounts. They include the costs charged by Russell Investment Group Limited for acting as UniSaver’s investment consultant and investment manager. Fees are also charged by the managers of the underlying funds in which the investments are made.

Administration fees

Administration fees meet the cost of running the scheme. They cover a range of professional services, such as investment, audit and legal advice, as well as the cost of providing member services. This includes things like maintaining member and general scheme records, operating the member helpdesk and website and reporting to and communicating with members.

Administration costs are generally allocated to the Reserve Fund before we allocate interest to member standard and employer standard accounts. On occasion, the employers may agree to pay these expenses in addition to their contributions.

If there is insufficient money in the Reserve Fund to pay the expenses, they will be paid first from employer standard accounts (including, in the case of a locked member but subject to the complying fund rules, the employer locked account) and then from member standard accounts (including, in the case of a locked member but subject to the complying fund rules, the member locked account).

Service fees

We charge the following service fees to your account:

These service fees were updated on 8 January 2019.

Any amounts deducted from your accounts are shown on the annual account statement we send you each year. 

Find out more

You’ll find detailed information about the fees charged by our service providers at


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