OneAnswer KiwiSaver Scheme - KiwiSelect

1 OneAnswer KiwiSaver SchemeINVESTMENT STATEMENT 19 SEPTEMBER 2014 Choosing an investmentWhen deciding whether to invest, consider carefully the answers to the following questions that can be found on the pages noted below:What sort of investment is this? 18 Who is involved in providing it for me? 33 How much do I pay? 21 What are the charges? 31 What returns will I get? 19 What are my risks? 23 Can the investment be altered? 30 How do I cash in my investment? 27 Who do I contact with inquiries about my investment? 47Is there anyone to whom I can complain if I have problems with the investment? 47 What other information can I obtain about this investment?

2 34In addition to the information in this document, important information can be found in the current registered prospectus for the investment. You are entitled to a copy of that prospectus on Financial Markets Authority regulates conduct in financial marketsThe Financial Markets Authority regulates conduct in New Zealand s financial markets. The Financial Markets Authority s main objective is to promote and facilitate the development of fair, efficient, and transparent financial more information about investing, go to is an investment statement for the OneAnswer KiwiSaver Scheme1 for the purposes of the Securities Act 1978. The information in this investment statement was correct as at 19 September 2014, the date on which this investment statement was KiwiSaver is offered and managed by ANZ New Zealand Investments Limited.

3 Your investment in OneAnswer KiwiSaver is not guaranteed by ANZ Bank New Zealand Limited, Australia and New Zealand banking Group Limited (together ANZ Group ), The New Zealand Guardian Trust Company Limited, any of their directors, or any other The term OneAnswer KiwiSaver may be used in this investment statement as an abbreviation for the OneAnswer KiwiSaver Scheme and readers should view these terms advisers can help you make investment decisionsUsing a financial adviser cannot prevent you from losing money, but it should be able to help you make better investment advisers are regulated by the Financial Markets Authority to varying levels, depending on the type of adviser and the nature of the services they provide.

4 Some financial advisers are only allowed to provide advice on a limited range of seeking or receiving financial advice, you should check: the type of adviser you are dealing with the services the adviser can provide you with the products the adviser can advise you financial adviser who provides you with personalised financial adviser services may be required to give you a disclosure statement covering these and other matters. You should ask your adviser about how he or she is paid and any conflicts of interest he or she may advisers must have a complaints process in place and they, or the financial services provider they work for, must belong to a dispute resolution Scheme if they provide services to retail clients.

5 So if there is a dispute over an investment, you can ask someone independent to resolve it. Most financial advisers, or the financial services provider they work for, must also be registered on the financial service provider s register. You can search for information about registered financial service providers at can also complain to the Financial Markets Authority if you have concerns about the behaviour of a financial information(The information in this section is required under the Securities Act 1978.)Investment decisions are very important. They often have long-term consequences. Read all documents carefully. Ask questions. Seek advice before committing s in this investment statement?

6 OverviewMore informationKey termsApplication formsYou ve taken an important step towards saving for your future! This investment statement explains the choices that are available to you. Making the right choices now could make a big difference to how you ll live in your 2 to 15 Pages 17 to 34 Page 16 Pages 35 to 44 2 How does KiwiSaver work? KiwiSaver is an easy way to save for your retirement. You contribute at least 3% of your before-tax pay each pay day if you re employed (or self-employed and PAYE is deducted from your income). You can also make contributions into your KiwiSaver account at any time and for any amount. Even better, your employer and the Government may contribute money to your account as well.

7 See What s in your KiwiSaver account? can apply to stop contributions from your pay if you need to but not until at least 12 months after your first KiwiSaver contribution is paid to Inland Revenue. For more information, see How to take a contributions holiday on page 21. If you re already in another superannuation Scheme , it s important that you find out from your employer if joining KiwiSaver will affect your other contributions or if you re already in KiwiSaver ?Please compare your current Scheme and consider any benefits you currently receive before switching schemes. How do you join?To join a KiwiSaver Scheme , you must be: a New Zealand citizen or entitled to remain in New Zealand indefinitely living or normally living in New Zealand (subject to certain exceptions for State services workers) under the qualifying age for New Zealand Superannuation (currently 65 years).

8 To join, read this investment statement and then complete and send us the relevant application form. How do we invest your KiwiSaver savings?Your KiwiSaver savings are invested in one or more of our 13 Funds. Our Funds invest in various asset classes with the aim of growing the savings in your KiwiSaver account over time. You can choose between our range of single-asset-class Funds, our Lifetimes option and our range of multi-asset-class Funds. Our single-asset-class Funds are designed for you to invest in on the advice of your authorised financial adviser. This investment suite is different to other KiwiSaver schemes we manage. For more information, see What sort of investment is this?

9 On page snapshot of the OneAnswer KiwiSaver SchemeYour contributionsYour employer s regular contributionsIf you re contributing from your pay, your employer is generally required to contribute to your KiwiSaver account. This contribution will be at least 3% of your before-tax pay. The amount your employer contributes is taxed so the amount that actually goes into your KiwiSaver account will be less than this. The Government s annual contributionsIf you re contributing and you re eligible, the Government makes an annual contribution of up to $ a year (from 1 July to 30 June)to your KiwiSaver account. This is called the Member Tax Credit (MTC). +++For more information, see How much do I pay?

10 On page more information, see What your employer contributes on page more information, see Make the most of the Government s annual contribution on page you re employed, you re required to contribute each pay day. You pay 3%, 4%, or 8% of your before-tax pay. Anyone can make voluntary regular or lump sum contributions to your KiwiSaver account at any you join KiwiSaver for the first time, the Government will make a $1,000 tax-free kick-start contribution into your KiwiSaver s in your KiwiSaver account?The Government s $1,000 kick-start3 When can you withdraw your KiwiSaver savings?You can withdraw savings from your KiwiSaver account when you re 65 or older and you ve been a member of KiwiSaver (or a complying superannuation fund) for at least five years.