Calling on all you PF/math/Kiwisaver experts to throw your thoughts in the ring.
Here’s how it is: One Kiwisaver account. Current balance is just over 1000, thanks to the govt. kickstart. No foreseeable future employer contributions. We will try to contribute (probably irregularly, and in minimal amounts, but really can’t promise anything). Main goal is probably just not to lose too much money. I’ve done a quick comparison of rates and fees from various providers – some from default funds and some from balanced funds, as below. Given the small account balance, I’m thinking it’s better to go with the lower annual rate and the higher percentage fees.
$30p/a, plus 0.37% in fees
$36p/a, plus 0.55% in fees
$34.20p/a, plus 0.75% in fees
$24p/a, plus plus 0.965% in fees
(I did include some other providers, Fidelity, Tower and Grosvenor to name a few. But in the narrowing down process I eliminated them from the chart.)