KiwiSaver at a Glance KiwiSaver is a work-based retirement savings scheme developed by the Government to help New Zealanders save for their retirement. There are various features of KiwiSaver. 1. Enrolment – it’s simple If starting a new job, you will be automatically enrolled in a KiwiSaver scheme (though some exemptions apply). If you do not specify which KiwiSaver scheme you would like to be in, you will be allocated to a default scheme or to a scheme chosen by your employer, if they have a preferred provider. If you are automatically enrolled, you have eight weeks to decide if you want to remain a KiwiSaver member or opt out. If you do not qualify for automatic enrolment, for example, you are self-employed or are enrolling on behalf of a child, or are an existing employee wanting to select Forsyth Barr as your KiwiSaver provider, you can contact us to assist you with this simple process. Alternatively, if you are enrolled in a default provider KiwiSaver scheme and are wanting to reconsider your Investment Strategy, you can contact us to discuss your investment priorities and objectives. 2. Contributions – you choose As a work-based initiative, on each payday money is deducted from your salary or wages and allocated to your KiwiSaver scheme. You choose to make contributions at a rate of either 2%, 4% or 8% of your gross salary or wages (including bonuses, overtime, and similar payments). After joining the scheme, you can also make one-off lump sum contributions which must be for a minimum of $100. 3. Contributions – from your employer If you are employed your employer must make compulsory contributions currently capped at 2% of your gross salary or wages. See page 11 of  the Investment Statement for more information. 4. Contributions – self-employed, those not currently in employment and children It’s not just employees that can take advantage of the opportunities offered by KiwiSaver. Contributions can be made by individuals who are self-employed or contractors and by those who are not presently employed, for example, children, grandchildren and spouses. We understand how important it is to get started which is why there is no requirement for an initial minimum contribution, meaning it has never been easier to take the first step in securing the retirement you want. You can take advantage of many of the Government incentives offered by KiwiSaver for all members of your family or structure your business arrangements as appropriate to enable family members to access KiwiSaver benefits. After joining the Scheme you can make one-off lump sum contributions which must be for a minimum of $100. 5. Government KiwiSaver incentives – accelerate your savings $1,000 kick-start: a one-off $1,000 tax free deposit to ‘kick-start’ your savings. Member tax credit: an annual tax credit matching your contributions up to $1,042.86 per year ($20 per week). First home deposit: if you are a first home buyer, (or meet the criteria for a subsequent home purchase) some of your KiwiSaver contributions may be used for your deposit and you may be able to access a further one-off contribution from Housing New Zealand of up to $5,000. For more information please refer to the Investment Statement which details the terms and conditions of eligibility for receiving incentives.  6. Accessing your savings KiwiSaver is designed to help you achieve the retirement lifestyle you want. Accordingly in most circumstances, and as required by legislation, you will not be able to access your savings until you reach the New Zealand superannuation qualifying age (currently 65) or have been a KiwiSaver member for five years (whichever is later). There are some exceptions - for example the first home deposit outlined above and also in special circumstances, such as, significant financial hardship or serious illness. For more information about KiwiSaver see the following related websites: http://www.kiwisaver.govt.nz http://www.sorted.org.nz http://www.ird.govt.nz Download a KiwiSaver Information Flyer Forsyth Barr KiwiSaver Scheme – it’s all about choice Take the Next Step – find out more or apply now We have always valued providing choices to clients and we are delighted that the KiwiSaving public has responded by voting the Forsyth Barr KiwiSaver Scheme as the inaugural winner of the Peoples Choice KiwiSaver Communications Award. Disclosure statements for Forsyth Barr Limited and any of its Investment Advisors are available on request and free of charge. A copy of the Forsyth Barr KiwiSaver Scheme Investment Statement and Prospectus is available by calling 0800 Forbar (0800 367 227).