Booster’s SRI and Geared Growth funds are among the top performers in Morningstar’s KiwiSaver survey for the 3, 5 and 10 years to 31 December 2020.

Returns for the funds are net of fees (excluding the member fee and any withdrawal fee) but before tax. Past performance is not a reliable indicator of future performance.
This is a good option for kids and those with a balance less than $500.
Not that you ever want to be in a default provider fund, it may be worth knowing that you have to meet a specific criteria to be appointed.
Booster keeps you up-to-date with regular ‘plain English’ email newsletters, annual reports and audited financial statements.
Apart from accessing your KiwiSaver balance, fund type and contributions, the mobile app allows you to view your entire wealth, debt, and assets, including your bank accounts, remaining mortgage balance and student loan, all in one snapshot.
Booster (formerly known as Grosvenor Financial Services Group) was set up by a group of experienced industry experts in 1998.
As an insured member, if your death is the result of an Accident*, your estate will receive either:
1. between $10,000 and $50,000 if you were 18 years or over and a Contributing Member for the 12-month period prior to your death (Prior Year), or
2. $2,000 if you were either under 18 years or not a Contributing Member.
Booster’s Socially responsible investment (SRI) funds have been independently certified by the Responsible Investment Association Australasia (RIAA). They exclude investing in specific industries – like fossil fuels or nuclear weapons.

Top Performing Funds
Booster’s SRI Balanced and SRI High Growth funds are among the top performers, which means you can invest ethically AND get great returns too!

Booster SRI Balanced Fund
9.9% return p.a. (1.7% above category average)
Booster SRI High Growth Fund

14.1% return p.a. (2.9% above category average)

Returns for the funds are net of fees (excluding the member fee and any withdrawal fee) but before tax. Past performance is not a reliable indicator of future performance.
Booster carries out extensive research and actively monitor the performance of their selected investments to ensure they meet their high standards. When they think an investment is no longer likely to live up to expectations, Booster will replace it with one they believe can.
Booster provides you with online access so you can always view the full details of your investments, including how much you have saved and transaction information.

KIWISAVER SCHEME COMPARISON TABLE

MAKING SENSE OF MONEY

Accidental death cover

Exclusive to Booster KiwiSaver members, we offer free accidental death cover up to $50,000.

You’ll automatically be covered up to $10,000 in your first year of membership in the Booster KiwiSaver Scheme*. 

After 3 years’ membership, the amount of cover you’re entitled to will increase in stages, up to the maximum of $50,000 – based on how long you’ve been a member of Booster and your KiwiSaver account balance.

If you die accidentally, your family and other beneficiaries of your estate will receive the free accidental death cover.

Accidental death cover is exclusive to Booster. No other KiwiSaver scheme provider offers this free member benefit

Qualifying for cover

To be eligible for the free accidental death cover, you must:

  • be a member of the Booster KiwiSaver Scheme
  • be under the age of eligibility for New Zealand Superannuation, currently 65 years of age
  • normally pay the standard member fee – or be someone who has that fee waived because you’ve got less than $500 in your account.

If you meet all these conditions, you are an ‘insured member’.

This means that your family and other beneficiaries of your estate will receive the free accidental death cover if you die accidentally.

How much is the cover?

*The most that your free accidental death cover pays to your estate is $50,000, but the amount depends on:

  • whether you are 18 years or over, or are a contributing member
  • the number of consecutive years you’ve been a contributing member 
  • how much you’ve got in your Booster KiwiSaver Scheme account.

There are also some other conditions.

Contributing member

A ‘contributing member’ is someone who has paid in at least $1,000 to their account over a 12-month period.

These contributions can be made by:

  • you as part of your regular employee contribution
  • your employer
  • you as voluntary contributions.