Performance & fees

 

 

Fund performance

 

Please find below the latest performance figures for the Lifetime Income Fund. The Lifetime Income Fund is a conservative balanced fund with income guarantee insurance.

 

 

The chart below illustrates the performance of $100,000 invested in the Lifetime Income Fund from inception on 15 December 2015 to 30 June 2019. The chart shows cumulative investment performance after fees, insurance premiums, and tax (at 17.5%)

 

 

 

 

Fund updates

 

Lifetime publishes fund updates on the performance of the Lifetime Income Fund every quarter. Please read these here.

 

 

 

Annual Reporting

 

Every year at the end of March, Lifetime publishes a full set of reports on how the Lifetime Income Fund has performed (from 1 April to 31 March). Please read these here.

 

 

 

Fund fees

 

There are two annual fees for investing in the Lifetime Income Fund.

 

1) Fund Management Fee - 1.00% per annum of your account balance.

The Fund Management Fee is to invest and manage your capital in the Lifetime Income Fund. This is 0.35% lower than the average Kiwisaver balanced fund fee of 1.34% p.a and 0.75% lower than the average managed fund fee of 1.75% p.a according to the Government's sorted website (As at 31 March 2019).

 

2) Income Guarantee Insurance Premium - 1.35% per annum of your Insured Income Base. If you choose to make a joint investment, the insurance premium is 1.75% per annum of your Insured Income Base.

The Income Guarantee Insurance Premium is to insure and guarantee your income for the rest of your life, regardless of market performance or how long you live. If your original capital is depleted, the insurance continues to pay your regular income payments for as long as you live.

 

What could your income be?

 

Find out with the Lifetime Income Calculator.

 

$
Between $25,000 and $1,000,000
Between 60 and 90
Between 60 and 90