What are the fees for the Kernel KiwiSaver Plan?
The fees for the Kernel KiwiSaver Plan are simple.
Noting that you can choose between our three diversified funds – the Kernel High Growth, Cash Plus and Balanced Funds – or customise your plan using a mix of the Kernel funds, we’ll explain our fees according to these choices.
Choosing between our three diversified funds
Each of these funds have a management fee of 0.25% per annum. When opting to use only the Kernel KiwiSaver Plan (without Kernel Invest or Kernel Save), you are not charged a platform fee.
It’s as simple as that.
Creating a custom KiwiSaver Plan
The management fee is 0.25% p.a. for all Kernel funds except the Moonshots Innovation, Electric Vehicles Innovation and Global Clean Energy Funds which have a management fee of 0.45% p.a.
When choosing to customise your KiwiSaver Plan, you can choose between all of our 19 funds, and will be charged the respective management fee relative to each individual fund you are invested in.
To keep things easy for you, here is a breakdown of each of our funds plus their management fees.
Core Funds | Management Fee |
Kernel High Growth | 0.25% |
Kernel Balanced Fund | 0.25% |
Kernel Cash Plus Fund | 0.25% |
NZ 20 | 0.25% |
NZ Commercial Property | 0.25% |
NZ Small & Mid Cap Opportunities | 0.25% |
Global 100 | 0.25% |
Hedged Global 100 | 0.25% |
Global Infrastructure | 0.25% |
Hedged Global Infrastructure | 0.25% |
S&P Global Dividend Aristrocrats | 0.25% |
S&P 500 | 0.25% |
NZ 50 ESG Tilted | 0.25% |
Global Green Property | 0.25% |
Global ESG | 0.25% |
Global ESG (NZD Hedged) | 0.25% |
Thematic Funds | Management Fee |
S&P Kensho Moonshots Innovation | 0.45% |
S&P Kensho Electric Vehicle Innovation | 0.45% |
S&P Global Clean Energy | 0.45% |
There’s no transaction or foreign exchange fees
Because we want you, the investor, to be left with as much of your balance in your pocket at the end of the day, we don’t charge transaction or foreign exchange fees.
What about the platform fee?
Our platform fee of $5 per month ($60 per year) applies solely to non-KiwiSaver investments. If you are using Kernel only for KiwiSaver investments, there is no platform fee applied.
Is there a cost if I would like to change between each of the diversified funds, or customising my KiwiSaver plan?
Changing between specific funds, or moving from being invested in one diversified fund – the Kernel High Growth, Balanced or Cash Plus Fund – to customising your plan is completely free. We don’t charge transaction fees, and this applies with changing the allocation for your KiwiSaver balance. You can read more to find out how to make changes.