Fees
There are a number of fees and expenses associated with IWIinvestor which may affect the amount of returns to Members. These are described below.
* Subject to certain minimums set out above.
** These fees are accurate as at the date of the Investment Statement. However, the annual fees as percentage of assets of IWIinvestor may change if the various fees payable in relation to the Scheme change, as described above and below.
* Subject to certain minimums set out above.
** These fees are accurate as at the date of the Investment Statement. However, the annual fees as percentage of assets of IWIinvestor may change if the various fees payable in relation to the Scheme change, as described above and below.
*** The table does not include the administration and switching fees charged by the Administration Manager please see below.
Administration Manager's Fee
These fees are paid by the Manager to the Administration Manager to administer IWIinvestor, i.e. maintain member records, calculate and pay benefits and
prepare the annual account. The current administration fee is $3.36 per member per month which is deducted from each Member’s Account.
There is a fee if you are switching your savings from one investment Portfolio to another if you make a switch more than once in a Scheme year (between 1 April and 31 March). That fee is $35.28 which will be deducted from your Member’s Account.
If you elect to transfer out of IWIinvestor to another KiwiSaver scheme, the Administration Manager will charge a transfer fee of $35.28. This will be deducted from your Member’s Account prior to the transfer being made.
prepare the annual account. The current administration fee is $3.36 per member per month which is deducted from each Member’s Account.
There is a fee if you are switching your savings from one investment Portfolio to another if you make a switch more than once in a Scheme year (between 1 April and 31 March). That fee is $35.28 which will be deducted from your Member’s Account.
If you elect to transfer out of IWIinvestor to another KiwiSaver scheme, the Administration Manager will charge a transfer fee of $35.28. This will be deducted from your Member’s Account prior to the transfer being made.
Exit Fee
There are currently no additional charges payable when you withdraw your money from IWIinvestor. The Manager reserves the right to introduce an exit fee.
Other Fees and Expenses
Other fees and expense, such as audit and legal fees, paid by IWIinvestor are deducted from the funds managed by IWIinvestor. These fees will be no more than 0.2% of funds under management per year.
For further detail please refer to our Investment Statement.
For further detail please refer to our Investment Statement.
