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Summer KiwiSaver Review (2026)
Summer is a 100% NZ-owned, actively managed KiwiSaver provider running 10 funds priced from 0.50% to 0.90% plus a flat $3/month account fee.
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Brent Coleman
What is Summer?
Summer is a 100% NZ-owned KiwiSaver provider. Its funds are actively managed, so the investment manager chooses what to hold and responds to market conditions instead of simply tracking an index. Responsible investment (environmental, social and governance factors) is built into how the scheme invests.
Who runs it?
The scheme's manager is Salt Investment Funds Limited. Day-to-day investment decisions are made by Octagon Asset Management, a 100% New Zealand owned boutique fund manager. The supervisor is Trustees Executors Limited. If you have a complaint Summer can't resolve, you can take it to Financial Services Complaints Limited (FSCL), a free and independent dispute resolution scheme.
What can you invest in?
Summer offers 10 funds. Seven are single-sector funds: New Zealand Cash, New Zealand Fixed Interest, Global Fixed Interest, New Zealand Equities, Australian Equities, Listed Property and Global Equities. The other three are diversified Selections: Conservative, Balanced and Growth.
You can build your own mix from the ten funds, which Summer calls "My Plan", or pick one of the three Selections and leave the mix to Summer.
Fees
Summer's annual fund charge depends on the fund:
| Fund | Annual Fund Charge |
|---|---|
| Summer New Zealand Cash | 0.50% p.a. |
| Summer New Zealand Fixed Interest | 0.75% p.a. |
| Summer Global Fixed Interest | 0.75% p.a. |
| Summer Conservative Selection | 0.75% p.a. |
| Summer New Zealand Equities | 0.90% p.a. |
| Summer Australian Equities | 0.90% p.a. |
| Summer Listed Property | 0.90% p.a. |
| Summer Global Equities | 0.90% p.a. |
| Summer Balanced Selection | 0.90% p.a. |
| Summer Growth Selection | 0.90% p.a. |
On top of the fund charge, you pay a flat account fee of $3 a month ($36 a year). Fees are GST-exclusive. There is no charge for switching funds or redirecting future contributions.
The bottom line
Summer suits KiwiSaver members who want an actively managed, NZ-owned alternative to the low-cost index providers, with a wider single-sector fund range than most actively managed competitors offer.