Booster Kiwisaver

Booster is an NZ financial services company providing KiwiSaver, superannuation and investment products.

Compare Booster KiwiSaver

If you’re considering opening a KiwiSaver fund with Booster, check out Canstar’s latest Star Ratings for its products.

Compare KiwiSaver funds

Types of Booster KiwiSaver funds

Booster offers 16 different investment options for your KiwiSaver, divided into four categories: Conservative, Balanced, Growth and Socially Responsible funds. These funds contain varying mixes of assets depending on their objective, with cash and fixed-interest bonds (‘Income’ assets) making up most of the conservative funds, and equities (‘Growth’ assets) making up more of the growth options. The available funds are as follows:

Fund Asset Allocation Annual Fee
Capital Guaranteed Fund 15% growth, 85% income 0.90%
Enhanced Income Fund 100% income 0.82%
Default Saver Fund 20% growth, 80% income 0.38%
Moderate Fund 35% growth, 65% income 1.07%
Asset Class Conservative Fund 33% growth, 67% income 1.15%
Balanced Fund 55% growth, 45% income 1.17%
Asset Class Balanced Fund 60% growth, 40% income 1.22%
Balanced Growth Fund 75% growth, 25% income 1.22%
Asset Class Growth Fund 90% growth, 10% income 1.29%
Shielded Growth Fund 98% growth, 2% income 1.27%
High Growth Fund 98% growth, 2% income 1.27%
Geared Growth Fund 98% growth, 2% income 1.27%
Trans-Tasman Share Fund 100% growth 1.17%
International Share Fund 100% growth 1.32%
Socially Responsible Investment Balanced Fund 55% growth, 45% income 1.17%
Socially Responsible Investment Growth Fund 98% growth, 2% income 1.17%

Your KiwiSaver account also incurs a membership fee of $3 per month, which is deducted from your account. This fee is waived if you’ve had all your money fully invested in the Default Saver Fund since joining the Booster KiwiSaver Scheme, and your account balance is $10,000 or less.

Eligibility to open a Booster KiwiSaver account

You are eligible to join the KiwiSaver scheme if you are:

  • Younger than the qualifying age for New Zealand superannuation (currently age 65)
  • Living or normally living in New Zealand
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely

If you’re over the age of 65, you can only join Booster KiwiSaver if you already belong to another KiwiSaver scheme.

How to open a Booster KiwiSaver account

If you’d like to open a new Booster KiwiSaver account, you can apply online.

Booster KiwiSaver FAQs

Yes. You can log in to your Booster account by heading to the Booster KiwiSaver website and logging in using your details. Here you can manage your investment portfolio, monitor your balance, invest money or apply for a withdrawal.

Your money is invested in using the investment portfolios outlined above. Since KiwiSaver is an initiative of the New Zealand Government, your funds are held by the New Zealand Guardian Trust Company (a government-owned company) on your behalf. Booster functions as the administration manager and investment advisor for your KiwiSaver fund.

Compare KiwiSaver funds

You can transfer all of your existing KiwiSaver balance into your new Booster account. Once you open a Booster KiwiSaver account, Booster will automatically transfer your balance from your old provider to your new account. Your old scheme provider may charge you a transfer fee – contact your previous provider for further information.

The main purpose of the KiwiSaver scheme is to save for retirement, so you are able to withdraw money once you reach the KiwiSaver retirement age of 65 years. There are also several circumstances when you can withdraw money earlier, which are:

  • Buying your first home
  • Permanently moving to another country
  • Experiencing or are likely to experience significant financial hardship
  • Having a serious illness or injury

Booster was founded as Grosvenor Financial Services back in 1998, providing an investment service which soon expanded into the Australian superannuation business by 2003. Following the launch of a KiwiSaver scheme in 2007, Booster now manages the retirement savings of more than 100,000 New Zealanders and was chosen as a default KiwiSaver scheme provider – something normally reserved for big financial institutions.

Booster KiwiSaver Scheme - International Share Fund

Canstar Research
Award: 4 Star Rating KiwiSaver Schemes


International Share Fund

View the 2018 KiwiSaver Star Ratings Report

Written by: Sam Bloom | Last updated: October 12, 2018