Our fees are easy to understand and we do not charge a performance fee. 

You will be charged fees for investing in the Scheme. Fees are deducted from your investment and reduce your returns.

Annual fund charges: 

Fund name Annual fund charges (% p.a. of the value of your investment)
Summer New Zealand Cash 0.50%
Summer New Zealand Fixed Interest 0.75%
Summer Global Fixed Interest 0.75%
Summer New Zealand Equities 0.90%
Summer Australian Equities 0.90%
Summer Listed Property 0.90%
Summer Global Equities 0.90%
Summer Conservative Selection 0.75%
Summer Balanced Selection 0.90%
Summer Growth Selection 0.90%

Other charges:

An account fee of $3 per member per month.

All fees and charges are quoted inclusive of GST.

We charge these fees to cover the management and administration costs of the Scheme. This includes expenses we incur in managing the scheme, for example legal, marketing, audit and accounting and any fees charged by the Supervisor, Custodian or our investment manager.

For more information and an example of how these are applied, please see section 5 "What are the fees?" of the product disclosure statement.

Forsyth Barr Limited may pay a financial advice provider associated with your account an ongoing commission based on your account balance. This payment is made by Forsyth Barr Limited and is not paid out of your account.


Making changes:

There are no charges for making changes to your account including switching between funds.

At any time you can without cost:

  • switch your existing investments between different funds
  • change the funds that your future contributions will be invested in (without switching your existing investments)

or do both.


To view the methodology for calculating dollar fees on annual member statements, please click here.


Create an account with us and ask to transfer to or join Summer as part of your registration


Already registered?  Login>