Matrix population models are widely applied in conservation ecology to help predict future population trends and guide conservation effort. Researchers must decide upon an appropriate level of model complexity, yet there is little theoretical work to guide such decisions. In this paper we present an analysis of a stage-structured model, and prove that the model's structure can be simplified and parameterised in such a way that the long-term growth rate, the stable-stage distribution and the generation time are all invariant to the simplification. We further show that for certain structures of model the simplified models require less effort in data collection. We also discuss features of the models which are not invariant to the simplification and the implications of our results for the selection of an appropriate model. We illustrate the ideas using a population model for short-tailed shearwaters (Puffinus tenuirostris). In this example, model simplification can increase parameter elasticity, indicating that an intermediate level of complexity is likely to be preferred.