Compare Pensions in New Zealand

Live offers across tracked providers in New Zealand — updated daily from the Giraffy database.

Live offers

20 live offers compared from 20 providers, from 0.15% AMC. Updated daily.

KiwiSaver ANZ Pensions KiwiSaver ANZ

0.15% AMC

  • Management Fees: 0.15%
  • Fund Type: Balanced growth
  • 5-Year Return: ~1% (5yr)

KiwiSaver BNZ Pensions KiwiSaver BNZ

0.25% AMC

  • Management Fees: 0.25%
  • Fund Type: Balanced growth
  • 5-Year Return: ~1% (5yr)

KiwiSaver ASB Pensions KiwiSaver ASB

0.30% AMC

  • Management Fees: 0.3%
  • Fund Type: Balanced growth
  • 5-Year Return: ~2% (5yr)

KiwiSaver Westpac Pensions KiwiSaver Westpac

0.40% AMC

  • Management Fees: 0.4%
  • Fund Type: Balanced growth
  • 5-Year Return: ~2% (5yr)

Simplicity KiwiSaver Pensions Simplicity KiwiSaver

0.50% AMC

  • Management Fees: 0.5%
  • Fund Type: Balanced growth
  • 5-Year Return: ~2% (5yr)

Booster KiwiSaver Pensions Booster KiwiSaver

0.55% AMC

  • Management Fees: 0.55%
  • Fund Type: Balanced growth
  • 5-Year Return: ~3% (5yr)

Milford KiwiSaver Pensions Milford KiwiSaver

0.60% AMC

  • Management Fees: 0.6%
  • Fund Type: Balanced growth
  • 5-Year Return: ~3% (5yr)

Fisher Funds KiwiSaver Pensions Fisher Funds KiwiSaver

0.65% AMC

  • Management Fees: 0.65%
  • Fund Type: Balanced growth
  • 5-Year Return: ~3% (5yr)

Generate KiwiSaver Pensions Generate KiwiSaver

0.70% AMC

  • Management Fees: 0.7%
  • Fund Type: Balanced growth
  • 5-Year Return: ~4% (5yr)

Juno KiwiSaver Pensions Juno KiwiSaver

0.75% AMC

  • Management Fees: 0.75%
  • Fund Type: Balanced growth
  • 5-Year Return: ~4% (5yr)

SuperLife KiwiSaver Pensions SuperLife KiwiSaver

0.80% AMC

  • Management Fees: 0.8%
  • Fund Type: Balanced growth
  • 5-Year Return: ~4% (5yr)

QuayStreet KiwiSaver Pensions QuayStreet KiwiSaver

0.85% AMC

  • Management Fees: 0.85%
  • Fund Type: Balanced growth
  • 5-Year Return: ~4% (5yr)

Pie Funds KiwiSaver Pensions Pie Funds KiwiSaver

0.90% AMC

  • Management Fees: 0.9%
  • Fund Type: Balanced growth
  • 5-Year Return: ~4% (5yr)

Pathfinder KiwiSaver Pensions Pathfinder KiwiSaver

0.95% AMC

  • Management Fees: 0.95%
  • Fund Type: Balanced growth
  • 5-Year Return: ~5% (5yr)

Simplicity KiwiSaver Growth Simplicity NZ

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.10%
  • 5-Year Return: ~10.5% p.a.

Milford Active Growth KiwiSaver Milford Asset Management

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.87%
  • 5-Year Return: ~11.2% p.a.

Fisher Funds Growth KiwiSaver Fisher Funds

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.79%
  • 5-Year Return: ~9.1% p.a.

Superlife Growth KiwiSaver SuperLife NZ

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.20%
  • 5-Year Return: ~9.4% p.a.

Booster Socially Responsible KiwiSaver Booster Investment

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.49%
  • 5-Year Return: ~8.9% p.a.

ANZ One Answer KiwiSaver Growth ANZ NZ

Price on request

  • Fund Type: Balanced growth
  • Management Fees: 0.37%
  • 5-Year Return: ~8.2% p.a.

What are KiwiSaver funds in New Zealand?

KiwiSaver is New Zealand's voluntary, work-based retirement savings scheme. Your contributions, your employer's contributions and an annual government contribution are invested in a managed fund of your choice, growing over your working life to help fund retirement or a first-home deposit. Nearly all New Zealand employees are enrolled, and choosing the right provider and fund type has a large effect on your final balance. KiwiSaver sits alongside NZ Superannuation, the universal government pension, as the main pillar of retirement saving for most Kiwis.

How the New Zealand market works

KiwiSaver providers include bank-owned schemes (ANZ is the largest), specialist fund managers such as Milford, Fisher Funds, Booster, Pie Funds and Generate, and low-cost index players like Simplicity and SuperLife. Employees contribute 3%, 4%, 6%, 8% or 10% of pay; employers add at least 3%; and the government tops up with an annual contribution if you contribute enough. Funds range from conservative (mostly bonds and cash) to aggressive/growth (mostly shares), and there are default providers for those who don't actively choose.

Benefits

Employer and government contributions — Your employer adds at least 3% and the government contributes annually, boosting your savings beyond your own input.

First-home withdrawal — Eligible members can withdraw most of their balance to buy a first home.

Compounding growth — Decades of invested returns can dwarf your own contributions over a working life.

Low barrier — Contributions come straight from your pay, making saving automatic and effortless.

How to choose

The two big decisions are fund type and provider. Fund type should match your time horizon and risk tolerance: younger savers with decades to retirement generally benefit from growth or aggressive funds, while those near retirement or a first-home purchase may prefer balanced or conservative funds. On provider, weigh the annual management fee heavily — over decades, a difference of a fraction of a per cent compounds into thousands of dollars — against long-term after-fee performance and service. Don't chase last year's top return; consistency and low fees matter more.

Leading providers in New Zealand

ANZ is the largest KiwiSaver provider by funds under management. Milford Asset Management and Fisher Funds are well-regarded active managers with strong long-term track records. Simplicity is a not-for-profit, low-fee index provider popular with cost-conscious savers, and SuperLife also offers low-cost index options. Booster and Pie Funds offer distinctive active and thematic strategies. Annual fees across the market typically range from around 0.15% for low-cost index funds up to roughly 0.95% or more for actively managed growth funds.

What it costs

KiwiSaver costs are dominated by the annual management fee, expressed as a percentage of your balance and generally ranging from about 0.15% for passive index funds to around 0.95% for active growth funds. Because fees are charged every year on a compounding balance, even small differences matter enormously over a 30- or 40-year horizon. Some providers also charge a small fixed membership fee. The right question is not simply the lowest fee, but the best after-fee return for the risk level that suits your stage of life.

Protections and regulation

KiwiSaver is regulated under the Financial Markets Conduct Act and supervised by the Financial Markets Authority (FMA), with each scheme overseen by an independent licensed supervisor and holding assets in trust separate from the provider. Providers must publish standardised fee and performance disclosures so members can compare like with like. The scheme's rules — including contribution rates, government contributions and withdrawal conditions — are set by government and administered with Inland Revenue. This structure gives members strong protection and transparency.

Common questions

Which fund type should I be in? — Broadly, longer to retirement favours growth funds; nearer to retirement or a first-home purchase favours balanced or conservative ones.

Can I use KiwiSaver to buy a first home? — Yes, eligible members can withdraw most of their balance toward a first-home deposit.

Do fees really matter that much? — Yes; because they compound over decades, a lower annual fee can leave you materially better off at retirement.

Pensions in New Zealand — FAQ

What is the best pension or retirement savings account in New Zealand?

Giraffy tracks 5 pension and retirement savings products across KiwiSaver ANZ,KiwiSaver BNZ,KiwiSaver ASB,KiwiSaver Westpac,Simplicity KiwiSaver providers in New Zealand. Compare by Annual Management Charge (AMC) and investment fund range to find the best fit for your retirement timeline.

What types of pension or retirement accounts are available?

Pension types typically include employer workplace pensions (with contribution matching), personal pensions (self-directed), and government schemes. Check your country's specific rules on contribution limits and tax relief — these vary significantly.

How much should I save for retirement?

A common benchmark is to aim for a retirement income of about 60–80% of your pre-retirement earnings. As a savings target, contributing 15% of your gross income from your mid-20s — including employer contributions — is a widely cited starting point. Pension calculators help model your specific situation.

When can I access my pension or retirement savings?

Retirement savings access ages vary by country and account type. In the UK, pension access starts at age 55 (rising to 57 in 2028). Australia allows access to super from preservation age (currently 60). Check your local rules — early withdrawal penalties and tax consequences can be severe.

What are pension charges and how do they affect my pot?

The Annual Management Charge (AMC) is the ongoing fee on your pension fund — typically 0.1–0.75% per year of your pot's value. On a £100,000 pot, a 0.5% AMC costs £500/year and compounds over time. Over 30 years, a 0.5% difference in charges can reduce your final pot by tens of thousands of pounds.

What is automatic enrolment and do I qualify?

Automatic enrolment means eligible workers are enrolled into a workplace pension without having to opt in — the UK, Australia, Ireland, and several other markets operate similar mandatory or auto-enrolment systems. Employer contributions are effectively 'free money', so opting out generally costs you significantly over time.