The different funds Sharesies offers also charge fees ranging from 0.34% to 1.3%. The fee is 1% of the amount transferred or $500 (whichever is greater). An extra $13.50 or 0.86% extra in her pocket. So Sharesies have a higher admin fee ($30) and ETF management cost (0.50%), so its expenses should be higher then Superlife NZ top 50 ETF. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. One of Plus500's selling points is that it does not subject client accounts to ancillary fees. SmartShares offer 23 exchange-traded fund (ETF) in New Zealand. If you are a margin lending customer, the nominee fee will be waived if the interest accrued is greater than $400.00 in the preceding six month period. Nominee fee. Please feel free to ask any questions or provide any feedback. Fees are: $2.50 per month for balances under $10,000, or 0.275% per year for balances above $10,000; A fee of between 0.224% and 0.428% per year, that’s incurred by the underlying ETFs that the funds invest in. As you’ve probably seen in our monthly net worth updates, we own exactly $20 worth of Bonus Bonds. Save the Sharesies Promo Code and Coupons before it expired! The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. Sharesies has a stock of a broad option of Gifts at a competitive price. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). Sharesies Promo Code Reddit and Coupons for January - Up to 30% OFF off. This is true if you are regularly buying and selling shares. We charge a subscription fee for access to and use of our Service. In exchange for your “free” money, you do need to give something up, and in this case, it's flexibility. The fee can be paid by credit card, or deducted from your account’s cash balance. Fees How much does it cost to use Sharesies, and what does it get you? Sharesies charges a subscription fee based on the value of your portfolio. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). There are no charges for normal withdrawals or terminating an … Is it possible to withdraw from Sharesies and keep my shares? Nothing is completely free, and KiwiSaver is no exception. I'm perfectly happy at the moment, but I intend to buy every pay cycle for some years, and would like the piece of mind of having this option. They offer around 40 different funds ranging in fees starting from 0.39%- some of which are Vanguard funds masquerading as SmartShare funds masquerading as Superlife funds. Now that the Copper Withdrawal Code is published, the TCF and industry with work together to ensure successful implementation of this code, and to make sure that consumers have all the protection they require. Sharesies is a New Zealand company who have created an online platform to invest mostly in ETFs and managed funds (at this stage). This starts at zero for balances of $50 or under, then $1.50 per month for balances from $50 to $3,000, and over $3,000 it’s more cost effective to pay the annual fee of $30. Written by Renae Williams Updated over a week ago ... Info on why you are unable to buy, sell, or withdraw. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. Annual fee (%): 0.84%. If you have $50 – $3000, it’s $1.50 per month. But, I hear you say, Bonus Bonds aren’t a good investment! For those that would like to start their own Sharesies … No Minimums. They tracked different stock and industry index in New Zealand, Australia, United States and international market. After that, there is a $10 fee per withdrawal. The only reason it is this high is due to the first three months of being with Sharesies. There is also a minimum withdrawal amount, which is $50 for PayPal and $100 for bank transfer and credit/debit cards. The $30 initial investment cost is to cover Sharesies annual fee. If you have less than $50, it’s free. It offers tax-deffered growth and withdrawals free from state and federal taxes when the funds are used for qualified higher education expenses (not just traditional colleges), including tuition, books, and some room and board costs. More significantly, Sharesies is competing with Kiwisaver. 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