1. Your Savings

Is the contribution you have made by salary deduction and/or voluntary transfer


2. Other net savings

Contributions by your employer, the Government and investment earnings

3. Amount that your KiwiSaver account increased for the year to 31 March 2017

4. Investment funds

Your chosen investment funds as at 31 March 2017, including the dollar value in each fund, actual % held in each fund and where you’ve selected future savings to go. It also shows the current total fund charges as an annual percentage of the investment as at 31 March 2017

5. Since you joined to 31 March 2017

Gives a summary of your account movements for all years since you joined the SuperLife KiwiSaver scheme

6. Total fees

Administration fees

SuperLife reduced its annual administration fee from $33 to $30 per annum starting 1 December 2016. This year’s statement reflects the reduction as a total fee of $32 for the year to 31 March 2017.

The administration fee is deducted from your account balance each month.

Total fund charges

As well as the administration fee, there are fund charges based on the daily balance in each fund. The total fund charges include fees and costs charged by us as the manager, supervisor, custodians and external investment managers, as well as our regulatory and compliance costs. Some of the regulatory and compliance costs are estimated and apportioned as an estimated percentage for the year. The total fund charges percentage for the financial year is taken from the 31 March 2017 Quarterly Fund Updates.

These total fund charges have been calculated by multiplying your daily balances by the relevant total fund charges percentage for each day, to provide an approximate of the annual amount. These charges have already been included in the investment earnings shown in the statement. In other words, it is the net of fees (and any international taxes) amount that is shown as your investment earnings.

For example

John invests $10,000 in SuperLife80 on 1 February. The Fund charge on 1 February is 0.60%. For 1 February, the fund charge was $0.164 (0.60%/365 times $10,000), bringing the balance to $9,999.84. On 2 February, the fund made investment earnings of $100. For 2 February, the fund charge was $0.166 (0.60%/365 times $10,099.84) bringing the balance to $10,099.67 . The fund charge increased as the balance increased. The total fund charge is the total of the daily fund charges.

Over the year, John paid other charges of $30.

This example applies only to SuperLife80 in the SuperLife KiwiSaver scheme. If you are considering investing in other investment options or other SuperLife schemes, this example may not be representative of the actual fees you may be charged.

See the “Other Information – Fees” document on the offer register at www.business.govt.nz/disclose for further information about fees.