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ANZ KiwiSaver Scheme - Investments & advice
ANZ KiwiSaver Scheme
The ANZ KiwiSaver Scheme makes it easy to save for a better retirement, with all the Government-assisted benefits of KiwiSaver, (including a $1,000 kick-start, tax credits and a first home deposit subsidy)* and more!
Managed funds
All ANZ KiwiSaver Scheme funds are managed by ING (NZ) Limited (ING), who has held the Morningstar Fund Manager of the Year title more times than any other fund manager. The ANZ KiwiSaver Scheme is distributed through ANZ.
Availability
The ANZ KiwiSaver Scheme is open to any person under the age of 65, who is entitled to permanently reside in New Zealand and is currently living in New Zealand.*
Investment options
Choose from our range of investment options:
Lifetimes option**
The ANZ KiwiSaver Scheme's Lifetimes option** helps take the guesswork out of choosing the right investment fund for you by allocating and transitioning you to a predetermined fund based on your age.
As you move through the age brackets (0-35, 36-45, 46-55, 56-60, 61-64, 65+) closer to age 65, you will automatically transition through the various funds.
If the Lifetimes option** doesn't suit your personal circumstances you can choose your own fund or funds from the investment options available.
Locked-in savings
In most cases you won't be able to access your savings until you reach the age of eligibility for New Zealand Superannuation (currently 65) or until you have been a member of a KiwiSaver scheme for five years, whichever is the later.
Early withdrawal
In certain circumstances (such as financial hardship, serious illness or permanent emigration) you can apply to withdraw your ANZ KiwiSaver Scheme savings before you reach retirement.*
After three years, you can also apply to make a one-off withdrawal from your ANZ KiwiSaver Scheme account to help you buy your first home.*
Fees and charges
* Certain eligibility criteria apply and not all members will qualify.
** From time to time the age ranges applying to the various investment funds included in the Lifetimes option may change, and investment funds relating to certain age bands may be added or deleted. The Lifetimes option has been designed on a general basis; it does not constitute financial advice and does not take into account your individual circumstances or needs. We recommend you seek independent professional financial advice if you are unsure.
Employer contributions
Your employer will match your contributions made to a KiwiSaver scheme, of not less than 2% of gross salary or wages.*
Regular contributions
You can elect a base contribution rate equal to 2%, 4% or 8% of your gross salary or wages.
If you do not elect a base contribution rate, this will default to 2%. This amount will be deducted from your after-tax salary or wages by your employer.
All ANZ KiwiSaver Scheme members can make regular contributions using direct debit.
Lump-sum contributions
You can make additional lump-sum contributions to your ANZ KiwiSaver Scheme account at any time.
Contributions holiday
After 12 months in a KiwiSaver scheme, you can apply to take a 'contributions holiday' and stop making contributions for a period of between three months and five years. You can apply to renew your contributions holiday at any time.
If you're suffering serious financial hardship, you can apply for a short contributions holiday of three months (or more if Inland Revenue agrees) earlier than this. Conditions apply.
The following Government benefits are available to all KiwiSaver members.
$1,000 Government
kick-start
kick-start
When you join a KiwiSaver scheme for the first time the Government will contribute $1,000 tax free to your KiwiSaver account to kick-start your retirement savings.
Help for
first home buyers
first home buyers
After three years in a KiwiSaver scheme, you can apply:
- to make a one-off withdrawal from your KiwiSaver account to help you buy your first home.*
- for a Government subsidy of up to $1,000 for each year you've been saving through a KiwiSaver scheme (up to a maximum of $5,000) to put towards a deposit on your first home.* And if your partner is also a KiwiSaver member you can combine your subsidies.
Tax credits
If you're aged 18 to 65, the Government will match your contributions by up to $20 per week (or approximately $1,040 per year) in the form of a tax credit to your KiwiSaver account.*
Tax free
employer contributions
employer contributions
Compulsory employer contributions are tax free up to the amount of 2% of the employee's gross salary or wages.
Any employer contribution over this amount is subject to employer's superannuation contribution tax (ESCT).
* Certain eligibility criteria apply and not all members will qualify.
How to apply
For more information or to apply for the ANZ KiwiSaver Scheme contact an ANZ Customer Service Consultant:
Call 0800 500 648
Certain aspects of the ANZ KiwiSaver Scheme and all other KiwiSaver Schemes, such as certain minimum contribution levels, the Government incentives and the circumstances in which benefits may be withdrawn, are prescribed in KiwiSaver legislation. The legislation may be amended from time to time by the Government and any such amendment may impact on the scheme.
Guardian Trust Superannuation Trustees Limited is the Issuer of the ANZ KiwiSaver Scheme. ING (NZ) Limited is the Administration and Investment Manager and ANZ, part of ANZ National Bank Limited is the Distributor. Units in the ANZ KiwiSaver Scheme do not represent deposits or other liabilities of ANZ National Bank Limited. Units are subject to investment risk, including possible delays in repayment and loss of income and principal invested. No member of the ANZ National Bank Limited Group, ING Group, Guardian Trust Superannuation Trustees Limited, its parent and their respective directors or any other person guarantees or secures (either partially or fully) ING (NZ) Limited and its subsidiaries or the capital value or performance of any products issued or managed by them.
This information is current as at 1 June 2009.
Access the current ANZ KiwiSaver Scheme Investment Statement (PDF 944kB) or request a copy at any ANZ branch. A copy of the Bank's General Disclosure Statement and the Bank's Disclosure Statement prepared under the Securities Markets Act 1988, is available on request from any ANZ branch, free of charge. Terms defined and references construed in this webpage have the same meaning and construction set out in the current Investment Statement.
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