SuperEasy KiwiSaver Scheme Review
Published 11 October 2026 · Written by the ValueHub team · Reviewed by Steve Baron
SuperEasy KiwiSaver Scheme Review
SuperEasy runs 8 KiwiSaver funds open to new members, all sitting at much the same risk level. At 31 March 2026 they held $143.9 million for 2,649 investors.
All eight open funds charge the same 0.32 per cent a year, so the fund you choose does not change what you pay.
Over five years the Automatic Fund (Age 20) returned 7.78 per cent a year while the Automatic Fund (Age 80) returned 2.13 per cent a year, which is the gap between the top and the bottom of what you can choose from.
We have kept this to the facts that decide the outcome: what the scheme contains, what it charges, and what it has returned. Everything below comes from the Government’s register rather than from marketing material.
How We Researched This Guide
Every number below is read from our own copy of the Government’s Disclose Register, which is the statutory source managers file against. It carries eight open funds, all reported as at 31 March 2026.
We also checked the rules that underpin every KiwiSaver account — contribution rates, the government contribution, and default provider appointments — against Inland Revenue and the Ministry of Business, Innovation and Employment.
This guide is not here to tell you to switch or to stay. What it does is put the verified numbers in one place so you can compare on facts rather than marketing.
ValueHub's Trusted Providers
We've researched the providers below — here are our picks for this category.
Simplicity is a nonprofit KiwiSaver and investment fund manager charging 0.25% p.a. across all six KiwiSaver funds. 100% owned by the Simplicity Foundation, a registered charity. Over 190,000 members. Seven rounds of fee cuts since launch in 2016. Fifteen percent of management fees donated to NZ charities. Founded by Sam Stubbs (ex-Tower Investments CEO, Goldman Sachs).
The Quick Summary (60-Second Version)
Here is the short version before the details.
- SuperEasy offers eight open funds across a single scheme.
- Every open fund charges the same 0.32 per cent per year.
- The cheapest option is the Aggressive Fund at 0.32 per cent.
- The largest fund by value is the Aggressive Fund, with $46.7 million invested.
- The strongest five-year record in the range belongs to the Automatic Fund (Age 20), at 7.78 per cent a year.
- The weakest five-year record is the Automatic Fund (Age 80), at 2.13 per cent a year.
- The funds hold $143.9 million in total across 2,649 investors.
What You Pay, and What You Get For It
SuperEasy charges an annual fund charge, and there are no separate membership, contribution, establishment, switching or termination fees recorded for its KiwiSaver scheme. The charge comes out of the fund’s returns rather than being billed to you, which is why most members never see it leave the account.
| Scheme | Funds | Charge range | Status |
|---|---|---|---|
| SuperEasy KiwiSaver Superannuation Scheme | 8 | 0.32% | Open |
Put into dollars, the spread is easier to judge. On a $50,000 balance, 0.32 per cent is about $160 a year; on $100,000 it is about $320.
What the Charge Costs at Different Balances
The figures below convert the percentages into annual dollars at three balances. The fee is the one part of the arrangement that does not depend on market performance.
| Fund | Charge | On $10,000 | On $50,000 | On $100,000 |
|---|---|---|---|---|
| Aggressive Fund | 0.32% | $32 | $160 | $320 |
The real effect of a fee is not the one-year figure but what it removes from a balance that would otherwise have compounded for decades. Small percentage differences add up to large sums over forty years of contributions.
The Kinds of Fund in This Range
The register groups every fund by type, and the type tells you more about the risk than the name does. SuperEasy spans 4 of those groups, which determines how much choice you actually have.
| Type | Funds | Risk | Charge range | What it means |
|---|---|---|---|---|
| Conservative | 2 | 3 | 0.32% | Holds mostly income assets with a small share of shares, and is built for a shorter horizon. |
| Balanced | 2 | 4 | 0.32% | Splits income and growth assets roughly evenly, which is the middle of most ranges. |
| Growth | 3 | 4 | 0.32% | Holds mostly shares and property, so it swings more in the short term and is built for a longer horizon. |
| Aggressive | 1 | 4 | 0.32% | Holds almost entirely growth assets, which makes it the most volatile option in a range. |
The risk indicator runs from 1 to 7. It measures how much the fund’s value has moved in the past, not how good it is. A 6 or 7 is not a warning; it is a statement that the fund is expected to fall further in a bad year, and it belongs in a portfolio you will not need to touch for a long time.
SuperEasy KiwiSaver Superannuation Scheme — the funds
| Fund | Type | Risk | Fee | 1yr | 5yr | Fund size |
|---|---|---|---|---|---|---|
| Automatic Fund (Age 80) | Conservative | 3 | 0.32% | 4.40% | 2.13% | $554k |
| Conservative Fund | Conservative | 3 | 0.32% | 4.41% | 2.23% | $13m |
| Automatic Fund (Age 60) | Balanced | 4 | 0.32% | 6.82% | 2.92% | $15m |
| Balanced Fund | Balanced | 4 | 0.32% | 7.31% | 3.86% | $22m |
| Aggressive Fund | Growth | 4 | 0.32% | 11.72% | 7.33% | $47m |
| Automatic Fund (Age 40) | Growth | 4 | 0.32% | 9.37% | 5.21% | $4m |
| Growth Fund | Growth | 4 | 0.32% | 8.91% | 4.70% | $42m |
| Automatic Fund (Age 20) | Aggressive | 4 | 0.32% | 12.19% | 7.78% | $260k |
Every open fund in the SuperEasy KiwiSaver Superannuation Scheme charges the same 0.32 per cent a year. The strongest five-year figure is the Automatic Fund (Age 20) at 7.78 per cent a year, and the weakest is the Automatic Fund (Age 80) at 2.13 per cent a year.
What the Funds Actually Hold
The register also discloses each fund’s split between growth assets, such as shares and property, and income assets, such as bonds and cash. More than the fund’s name, that ratio tells you how it will behave when markets move.
| Fund | Growth assets | Income assets | Risk |
|---|---|---|---|
| Automatic Fund (Age 80) | 25% | 75% | 3 |
| Conservative Fund | 19% | 81% | 3 |
| Automatic Fund (Age 60) | 55% | 45% | 4 |
| Balanced Fund | 49% | 51% | 4 |
| Aggressive Fund | 89% | 11% | 4 |
| Automatic Fund (Age 40) | 75% | 25% | 4 |
| Growth Fund | 69% | 31% | 4 |
| Automatic Fund (Age 20) | 95% | 5% | 4 |
The range here runs from 19% growth assets in the Conservative Fund up to 95% in the Automatic Fund (Age 20). A fund at the bottom of that range will barely move in a bad year; one at the top will fall hard when share markets do, and recover just as sharply when they turn. Neither is better on its own — the right split depends on how long the money will stay invested.
Reading the Returns
The returns in every table are net of the fund charge and after tax, which is the figure that matters to a member. Every return shown is net of the fund charge and after tax. The strongest five-year average here is the Automatic Fund (Age 20) at 7.78 per cent a year, against a range of 2.13 to 7.78 per cent across the open funds.
Compare the columns side by side. One-year figures across these funds span 4.40 to 12.19 per cent, and five-year averages 2.13 to 7.78 per cent. The gap between the two is a reminder that twelve favourable months are not evidence of skill, whereas a five-year record is far harder to produce by accident.
The lesson in that gap is worth carrying into any fund choice: judge on the longest period available, and treat a short history as a reason for caution rather than a virtue.
Below are all the returns the register publishes, fund by fund. Weight the longer columns most heavily — they are the ones a manager cannot produce by luck.
| Fund | 1 year | 3 years | 5 years | 10 years | Since inception |
|---|---|---|---|---|---|
| Automatic Fund (Age 80) | 4.40% | 4.39% | 2.13% | 1.86% | 2.88% |
| Conservative Fund | 4.41% | 4.69% | 2.23% | 2.90% | 2.94% |
| Automatic Fund (Age 60) | 6.82% | 6.25% | 2.92% | 4.59% | 4.74% |
| Balanced Fund | 7.31% | 7.16% | 3.86% | 4.97% | 5.10% |
| Aggressive Fund | 11.72% | 11.50% | 7.33% | 8.52% | 8.83% |
| Automatic Fund (Age 40) | 9.37% | 8.96% | 5.21% | 6.70% | 6.94% |
| Growth Fund | 8.91% | 8.39% | 4.70% | 6.15% | 6.38% |
| Automatic Fund (Age 20) | 12.19% | 12.07% | 7.78% | 8.97% | 9.30% |
Where SuperEasy Sits Against the Alternatives
On entry cost, SuperEasy is the 10th cheapest of the 29 managers in our KiwiSaver table, with its cheapest fund charging 0.32 per cent. The cheapest manager charges 0.03 per cent and the dearest starts at 4.26 per cent.
| Manager | Charge range | Open funds |
|---|---|---|
| InvestNow | 0.03% to 1.38% | 45 |
| Sharesies | 0.09% to 1.49% | 11 |
| SuperLife | 0.20% to 1.26% | 50 |
| Milford | 0.20% to 1.15% | 6 |
| Kernel | 0.25% to 0.45% | 25 |
| Simplicity | 0.24% | 6 |
Cost is only one side of the ledger. The other is whether the return justifies it, which is what the five-year column is for. Neither number is predictive on its own, and a stretch that suits shares will always make the share-heavy funds look better than they are.
What You Put In, and What You Get Back
What you contribute is a matter of law and your own choice, not of who your provider is. The provider’s influence begins once the money is in, which is why the fund charge grows in importance as the balance does.
The default employee and employer rate is 3.5 per cent from 1 April 2026, and it rises to 4 per cent on 1 April 2028. On a $70,000 salary, 3.5 per cent is $2,450 a year from you, matched by your employer, so about $4,900 a year goes into the account before any return.
The Government adds 25 cents for every dollar you contribute, up to a maximum of $260.72 a year. To receive the full amount, you must contribute at least $1,042.86 of your own money between 1 July and 30 June, and employer contributions do not count towards that threshold. If your taxable income is above $180,000 a year, you do not qualify.
The charge applies to the entire balance, not to each deposit. On a $50,000 balance, 0.32 per cent is about $160 a year; on $100,000 it is about $320. Weigh that against the returns, since it is deducted regardless of how the fund performs.
Questions You Might Have
Which fund am I in?
Your KiwiSaver statement, or the online account you use to manage your savings, will show which fund your money is invested in and how it is split if you hold more than one. Check it before anything else, because the fund decides both the return and the charge.
How much will I pay?
All eight open funds charge the same 0.32 per cent a year, so the fund you choose does not change what you pay. It comes out of the fund’s returns, not your bank account, so you will not see a separate bill.
Is SuperEasy a default provider?
No. The appointed default providers are BNZ, Booster, Westpac (through BT Funds Management), Fisher Funds, Simplicity and Smartshares, with appointments running to December 2028. SuperEasy is a scheme you choose deliberately.
Can I change funds without changing provider?
Usually yes. Most schemes let you move between their own funds, or set a different split, through your online account at no cost, and the change takes effect without affecting your membership or your employer contributions. You only need to switch provider if the scheme itself is the problem.
Do I have to pick just one fund?
No. With 8 open funds, you can split your balance across several, which lets you take more risk with part of your savings and less with the rest. The trade-off is that you have to keep track of the split yourself.
What happens to a closed fund?
If you already hold a fund that has closed to new members, you keep it and continue to pay the charge shown. Closing a fund stops new money coming in; it does not force existing members out, and it does not change your balance.
How much do I need to contribute to get the full government contribution?
You need to put in at least $1,042.86 of your own money between 1 July and 30 June to receive the maximum of $260.72. The government adds 25 cents for every dollar you contribute, and employer contributions do not count towards your $1,042.86. If your taxable income is above $180,000 a year, you do not qualify.
How much will I pay at the default contribution rate?
The default employee and employer rate rose from 3 per cent to 3.5 per cent on 1 April 2026, and it rises again to 4 per cent on 1 April 2028. On a $70,000 salary, 3.5 per cent is $2,450 a year from you, matched by your employer. You can choose 4, 6, 8 or 10 per cent instead.
Does switching to or from SuperEasy cost anything?
No. SuperEasy records no membership, contribution, establishment, switching or termination fees, and switching between KiwiSaver providers does not attract a fee in practice. You apply to the new provider, who arranges the transfer.
What Matters Most
SuperEasy is a manager with a moderate fund range. The fee table above shows the current charges for each fund. The funds are few and easy to hold in your head.
- The Aggressive Fund is the cheapest way in at 0.32 per cent.
- The strongest five-year record is the Automatic Fund (Age 20) at 7.78 per cent a year, and it carries the risk that produced it.
- Check which fund you are in before anything else, because it decides both the return and the charge.
The ValueHub Team built this site because finding clear, unbiased financial information in New Zealand was harder than it should be. Every guide is based on real research — we compare the actual fees, terms, and fine print so you don't have to. Our tip: shop around every year, read the policy docs, and never assume loyalty gets you the best deal.— The ValueHub Team
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