KiwiSaver Returns Comparison
Our KiwiSaver Returns data relies on Morningstar reporting and reveals how every fund performed over 3 months to 10 years.
Updated 2 August 2023
Summary
Summary
- For the latest results, please visit Morningstar's KiwiSaver reporting
- Morningstar offers the most transparent and easy-to-follow comparison of funds. Reports are published every three months.
- In the video below, MoneyHub Founder Christopher Walsh explains how to navigate Morningstar's report so you can make informed decisions:
KiwiSaver Returns - Frequently Asked Questions
My fund shows 'below average' returns using the calculator above - should I switch my KiwiSaver?
KiwiSaver is a long-term investment; no fund choice decision should ever be rushed. Additionally, everyone's KiwiSaver situation is unique. Generally, New Zealanders have stayed in long-term underperforming funds out on apathy, unawareness or unwillingness to move.
We don't provide any form of financial advice. Our view is simple - like any financial decision, if you feel you can get a better return somewhere else, do the research and make an informed decision. Many market-leading and historically high-performing funds are available - this list of our favourite KiwiSaver funds can be a good starting point.
We don't provide any form of financial advice. Our view is simple - like any financial decision, if you feel you can get a better return somewhere else, do the research and make an informed decision. Many market-leading and historically high-performing funds are available - this list of our favourite KiwiSaver funds can be a good starting point.
When comparing KiwiSaver funds, what should I consider beyond returns?
Investing in KiwiSaver is a long-term commitment - selecting the right fund can make a significant difference by the time you retire. To compare the options comprehensively, consider:
- Whether the fund is actively managed or follows an index - our index fund guide explains more about the difference.
- Three of five years of returns (if available) - our how to choose a KiwiSaver fund goes into further detail.
- Understand the fees - you'll pay anywhere from between 0.15% and 2.00%+ per year, as well as a membership fee for some schemes, so you need to understand the ongoing costs upfront and be comfortable with them.
How much do I need to contribute to KiwiSaver?
This depends on your financial circumstances, and how much money you want in your retirement. Generally, KiwiSaver contributions compound year after year, so investing $1 when you're 25 years old could be worth $7 by the time you retire.
We take the view that the majority of New Zealanders are not saving enough for their retirement. This is because KiwiSaver contributions are, for most people, around 6% of their salary whereas in Australia the minimum is 9.50%. Also, balances can be withdrawn to buy a first home, something which is prohibited in Australia.
Once you retire, it's near-impossible to accumulate more savings without a large investment balance. For this reason, it's a good idea to consider contributing above the minimum to KiwiSaver for long-term benefits.
We take the view that the majority of New Zealanders are not saving enough for their retirement. This is because KiwiSaver contributions are, for most people, around 6% of their salary whereas in Australia the minimum is 9.50%. Also, balances can be withdrawn to buy a first home, something which is prohibited in Australia.
Once you retire, it's near-impossible to accumulate more savings without a large investment balance. For this reason, it's a good idea to consider contributing above the minimum to KiwiSaver for long-term benefits.
