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5 myths about the Sharesies KiwiSaver Scheme


We recently announced that you'll be able to invest your KiwiSaver balance and contributions in companies and funds through the Sharesies KiwiSaver Scheme. Let’s take a deeper dive into how this will work, and bust a few myths along the way! 🥊

Colourful illustrated fruit on a beige background.

Myth: You have to add your own picks to your investment plan

Nah—adding your own picks will be entirely optional! If you’d prefer, you can invest all of your KiwiSaver balance (and future contributions) in just a single base fund—with the option to add your own picks at any time.

Myth: If you add picks, they’ll make up 50% of your investment plan

Your picks can make up as little as 0.10% of your investment plan, up to a maximum total of 50% of your plan. This gives you the flexibility to build an investment plan that feels right for you while ensuring your KiwiSaver portfolio is diversified. 

Myth: You can only add up to 10 picks

You can add as many as you like, but each pick will only be able to make up a max of 5% of your investment plan. For example, you could pick 10 investments at 5% each, or 50 investments at 1%, or even more investments if you lowered the percentage below 1%. And remember, you don’t need to allocate 50% of your investment plan to your picks!

Myth: You’ll pay a lot in fees if you add your own picks 

If you choose to add your own picks to your investment plan, you'll be charged a transaction fee each time you buy or sell units, and a 0.15% p.a. administration fee on the balance of each pick. The transaction fee is a percentage and applied only to the amount going in or out of your portfolio, not on the total amount you have invested in your pick. For example, say your KiwiSaver contributions roll in monthly and one month $100 is allocated across your picks. For that month, you’d pay a total of $1 in transaction fees. Learn more about fees

Myth: It’s too hard to manage your own KiwiSaver portfolio

We know a lot of Kiwis want to have more of a say in how their KiwiSaver contributions are invested, which is why we decided to build a KiwiSaver scheme that lets its members be as hands-on or hands-off as they like. We’ll also help you keep on top of your KiwiSaver portfolio with education and handy tools. 

Wrapping up 🌯

There are still a few i’s to dot and t’s to cross but every day we’re getting closer to launching the Sharesies KiwiSaver Scheme. If you’re keen to be one of the first to get access, join the waitlist. And if there’s a question we haven’t covered, send us an email at or slip into our DMs on social. 💬

Ok, now for the legal bit

Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time written. You should consider seeking independent legal, financial, taxation or other advice when considering whether an investment is appropriate for your objectives, financial situation or needs.

Join the KiwiSaver scheme that’s more you

Portfolio displayed is a guide, not from a real customer. For informational purposes only.
A young woman looking off to the side holds a lime-green electric guitar. Superimposed next to her is an iPhone showing a screen in the Sharesies app. The screen shows a KiwiSaver investment portfolio, made up of the Pathfinder Ethical Growth Fund, the Smartshares NZ Top 50 Fund, Meridian Energy, and Infratil.