OneAnswer KiwiSaver Scheme - KiwiSelect

1 OneAnswer KiwiSaver SchemeINVESTMENT STATEMENT 17 SEPTEMBER 2015 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? 34 How much do I pay? 21 What are the charges? 32 What returns will I get? 19 What are my risks? 24 Can the investment be altered? 31 How do I cash in my investment? 28 Who do I contact with inquiries about my investment? 49Is there anyone to whom I can complain if I have problems with the investment? 49 What other information can I obtain about this investment? 35In addition to the information in this document, important information can be found in the current registered prospectus for the investment.

2 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 17 September 2015, the date on which this investment statement was KiwiSaver is offered and managed by ANZ New Zealand Investments Limited. 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.

3 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. So if there is a dispute over an investment, you can ask someone independent to resolve it.

4 Most financial advisers, or the financial services provider they work for, must also be registered on the financial service providers 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? 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.

5 Making the right choices now could make a big difference to how you ll live in your 2 to 15 Pages 17 to 37 Page 16 Pages 39 to 48 2 What do I contribute?The contributions you make to KiwiSaver depend on your personal situation. I m employed/self-employedIf you re employed, you must contribute at least 3% of your before-tax pay each pay day. If you re self-employed and PAYE is deducted from your income, you must contribute at least 3% of your before-tax pay each pay day. You must also pay an employer contribution of 3% to your KiwiSaver account. If you re self-employed and don t deduct PAYE from your income, you can contribute at any time and for any m not employedYou can contribute at any time and for any more information about contributions, see How much do I pay? on page have an existing superannuation schemeIf you re already in another superannuation Scheme , it s important you talk to your employer before joining KiwiSaver .

6 Joining KiwiSaver may affect the contributions you and your employer make to your existing superannuation Scheme . If you re employed (or self-employed and PAYE is deducted from your income) you must contribute at least 3% of your before-tax pay to KiwiSaver each pay day. This is in addition to any compulsory contributions you may be required to make to your existing superannuation holidayYou 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 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).

7 To join, read this investment statement and then complete and send us the relevant application form. What if you re already in KiwiSaver ?Please compare your current Scheme and consider any benefits you currently receive before switching snapshot of the OneAnswer KiwiSaver SchemeWhat s in your KiwiSaver account?Your 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. For more information, see What your employer contributes on page Government s annual contributionIf 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.

8 This is called the Member Tax Credit (MTC). If you re not in KiwiSaver for the full year, you won t be entitled to the full annual more information, see Make the most of the Government s annual contribution on page contributionsFor more information, see How much do I pay? on page you re employed (or self-employed and PAYE is deducted from your income), 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 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.

9 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? on page 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. In limited circumstances, you may be able to withdraw some, or all, of your savings early. For more information, see How do I cash in my investment? on page are the main benefits? KiwiSaver s main benefits are that it helps you to save for retirement and could help you buy your first home. As well as your savings, you may also receive: a HomeStart grant the Government s annual contribution your employer s regular are the fees and costs?

10 We charge each member a monthly membership fee of $2. There is also a Fund fee that is charged each year. This fee will vary depending on the Fund your savings are invested in. For more information, see What are the charges? on page are the risks?Like any investment, KiwiSaver involves taking some risk. Your investment in OneAnswer KiwiSaver might not do as well as expected and you may not receive back the full amount you contributed to your KiwiSaver account. The level of risk will vary depending on the Fund your savings are invested in. You need to decide how these risks apply to your personal circumstances. For more information, see What are my risks? on page savings are not guaranteedThe savings in your KiwiSaver account are not guaranteed by anyone (including the Government).What if you don t want to stay in the OneAnswer KiwiSaver Scheme ?