Sticking with the default provider may not help you achieve financial independence in the long term. The above sets out a comparison of fees only. UK pension transfer. Superlife have the most function, investment options and easy to start. Simplicity vs. Superlife Kiwisaver Funds. Superlife is unique to the kiwisaver providers in giving you the option to manage your Kiwisaver by combining whichever funds you like. You can combine as many of these options, in any way you choose, and change them at any time, free of charge. TRANSFER NOW. Also it’s worth noting that the fee is not per fund but is a single fee ‘regardless of the number of investment options you invest in, or the number of times you change investment options’. The guarantee has also changed from 5% to about 4 plus %. Fund Type – Portfolio Investment Entity (PIE) vs. Australian Unit Trust (AUT) Once you have found the fund you are interested in, you can either download the PDS or link through […] By Mike Heath | 2017-06-27T02:54:21+12:00 June 22nd, 2017 | Uncategorised | 0 Comments They have low minimum investment amounts, … Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. Taking a look at the asset allocation gives you an idea of what the fund invests in as well as the proportions. Simplicity offers a KiwiSaver scheme and InvestNow’s SmartShares funds are also used by SuperLife, a KiwiSaver provider. Based on this, most of the fund’s return can be predicted year-on-year and this is the less risky Simplicity they fund currently offer. The nature of those financial assets can be classified into two groups, income asset, and growth asset. Thankfully, the government also agrees that you need to make the right choice for you and have provided you with a resource. They are currently sitting at 8.84% since inception and 16.10% for the last six months for their growth fund. I compared the fees for the growth funds, taking the membership into account, charged by Simplicity, Superlife, Juno, and my current ANZ fund for different KiwiSaver balances. If selecting individual funds isn’t your thing then Superlife also offers several complete KiwiSaver funds called Ethica, Income, Conservative, Balanced, Groth, and High Growth. Also, have the lowest cost aggressive managed fund in NZ. September Update 2020: Journey to Financial Freedom update, Offers and Deals for Passive Income NZ Readers, Simplicity growth has a 0.31% total investment fee plus a $30 membership fee, SuperLife 80 has a 0.61% total investment fee plus a $30 membership fee. Passive funds: Simplicity itself! SWITCH IN 2 MINS . GROWTH FUND. There is no minimum investment. New Zealand Stock Exchange owns SmartShares. Simplicity has the lowest cost managed fund in Conservative, balance and growth area. Superlife 30 will aim to hold around 30% of growth asset and 70% of income asset in the portfolio. The key change being Simplicity lowering their entry point from $5,000 to $1,000 and lowering their annual administration fee from $30 to $20. Here is the table. Diversified Growth Funds invest in a mixture of asset classes. However, the cost on those fund are quite high compare to these four services, which defeat the purpose of low-cost passive investing. Superlife 30 will aim to hold around 30% of growth asset and 70% of income asset in the portfolio. Calculate, mortgage rates, insurance, retirement, budgeting or debt reduction. Investing. Use Sorted's free online money calculators and tools to manage your finances. 17. So now we are faced with yet another choice for our investment dollar. After all, a small change in fee can result in a large change in outcome. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Most PIEs are multi-rate PIE including SuperLife and Simplicity fund. I’d be much more comfortable with investing money outside of kiwisaver with Pie funds rather than my kiwisaver if you subscribe to the active management beating passive investing. All simplicity funds have a membership fee of $30 $20 a year, plus a fund management fee of 0.30%. I use Sharesight to keep track of my share performance and dividends. With Juno only having launched in August 2018, there won’t be annual performance data until august of 2019. Discover (and save!) They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Investnow vs Superlife vs Sharesies vs Simplicity. How to UPGRADE your SuperLife Account Membership Package in your New BackOffice. Growth fund type. Generate. Oct 11, 2019 - Superlife is a young design collective based in switzerland. Find out if your KiwiSaver fund is in the list. But what exactly is a low fee? I personally have a soft spot for Juno methodology after listening to the NZ investor podcast featuring the founder. The Value of Education- Net Worth and Income Statistics, July 2019 Journey to Financial Freedom update. NZX and ASX funds (top 10, top 50, etc) through Smart Shares Fees. The return and value of this fund will depend heavily on how international sharemarkets are performing, and as such, you can expect higher returns with higher risk. But we might have a second look at Superlife due to the allocation difference. The growth fund is the most aggressive fund Simplicity offers, with 86% in shares in International and New Zealand. The $12 annual admin fee is for Superlife invest. GROWTH FUND. Simplicity started in 2016 and now have 27,000 members with 970 million under management. 7.98 % Add to watchlist; Remove from watchlist; BOOSTER KIWISAVER SCHEME. In its ongoing regulation of KiwiSaver providers, the Financial Markets Authority recently published a snappily titled report: MyFiduciary Analysis of Active versus Passive Management in KiwiSaver. Simple %) Learn more Join Now. The Conservative fund invests 70% of its money in income assets such as term deposits and bonds, and 30% in NZ and international shares. They tend to carry higher levels of risk, yet have the potential to deliver higher returns over longer investment time frames. Superlife Kiwisaver charges $30 annual. Growth assets are shares and property. And can be good quality or bad.” (SuperLife, pg.152) I recommend switching to a pure, unrefined salt, which is real salt the way nature intended it. Below is how it allocates its assets. ASB vs Simplicity vs SuperLife investment funds. Accurate description of my international investment strategy. Simplicity’s funds have a target asset allocation of cash to bonds to shares, but its actual allocations change within a specified range, and where it lands depends is based the average of its peers. New Zealand investors can buy Vanguard ETFs on Australian Stock market. I've made a table to compare four investment service in NZ. Does that matter to you? Cove is independent Kiwi insurance company who are competitively priced. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? An investor can track their holding on other services like ASB securities, ANZ Securities or Share Sight. NZ Funds. Overall- it’s cheaper to go with Simplicity at 0.31%, compare to Superlife starting at 0.44% – but you have a greater ability to customise your KiwiSaver with Superlife- which can both be seen as a positive or a negative- that depends on you and your investment style. Getting your KiwiSaver sorted is one of the most crucial aspects of your personal finance for Kiwis. You may have noticed that Sharesies now offer you access to the American share market. Juno may be slightly cheaper when your balance gets large (+$200,000), but their active management philosophy doesn’t sit well for me with my kiwisaver- it has to be there in retirement. It plays an important part in my plan to achieve financial freedom by only do a few smart things and nothing much else. As a bonus, I'll send you a FREE Personal Finance Resource Kit, so you can start your Journey to Finanical Freedom. That leaves just Sharesies and Superlife as available fund providers. I’m grateful for the hard work they do. My comparison showed they were the best value compared to the big insurers- and with Cove you can pay monthly without paying a premium. My current KiwiSaver fund is the ANZ growth KiwiSaver. Obviously- whichever Kiwisaver provider you want to use is a personal choice- but you have to make it a personal choice. They have a platinum debit Mastercard, but it's much cheaper than a NZ credit card when overseas! They offer five investment fund options outside of their KiwiSaver scheme. For example, the Superlife NZ Top 50 ETF fund which directly follows the NZX 50 share index charges 0.49% per year, whereas Simplicity's equivalent (the NZ Share Fund) charges 0.31%. They both have pros and cons. The default funds that you are automatically enrolled in once you sign up usually don’t align with your investment strategy, ethics, or risk tolerance. Interestingly, even though Smartshares provide many of the index funds, they rarely emerge victorious on a cost basis. With the huge range of investment option available to you with varying degrees of risk and sectors, including kiwi companies, global companies, emerging markets, mining, property, bonds, and government debt, you can arrange your Kiwisaver however you like. The comparison is below- and includes providers membership fees (if they charge one). So this fund is a low risk (or conservative) fund. A “re-balance” is the fancy terminology, but I’m taking the opportunity to make sure that we are sticking to our investment plan because I have a tendency to wander off track. Real estate agents will charge you up to 5% to sell your home, but you can do it yourself Your Kiwisaver will be invested for decades- so I think passively investing is the best choice. Simplicity Kiwisaver . The management fees are the lowest in New Zealand at 0.31% for managed fund. Whoops- Yes you are right- I will correct it. Superlife managed fund have different names, like SuperLife 30 or SuperLife 80. So this fund is a low risk (or conservative) fund. They issue the ETF for local share markets such as NZ Top 50 (FNZ), NZ Top 10 (TNZ), NZ MID CAP (MDZ) and NZ Bond (NZB). They also offer an investment option called Age Steps in case you don’t want to choose your mix of individual indexes or any of the above-diversified funds. Conclusion. But, I’ve never really looked into some KiwiSaver providers. Sep 2, 2018 - We’re all told that we need to invest in financial products with a low service fee. The fund has a 0.46% per annum of fund’s net value, and a $12 yearly administration fee. Simplicity offers four different funds, Conservative, Balanced, Growth, and Guaranteed Income fund. “Remember, salt is food. SmartShares ETFs are listed PIE, and they will pay tax at 28%. Reinvested easily – many of these shares will pay dividends what Simplicity and AMP funds because they have far fees. Only KiwiSaver in New Zealand, like superlife 30 will aim to hold more! 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