If you didn’t save into Whai Rawa during the 2016 calendar year, you will not receive a Matched Saving into your Whai Rawa account at the end of March. It’s not too late to make a New Year’s Resolution.

Remember that tamariki (aged 15 and under) need just $0.97 per week or $50 during the calendar year to receive their $200*, and adult members (aged 16 – 64) need $3.85 per week or $200* during the calendar year to receive their $200* maximum Matched Savings. More details are in the Product Disclosure Statement, available at our office or online at www.whairawa.com

Automatic Payment or Online Banking?
We’ve included an Automatic Payment form with this issue of Te Pānui Rūnaka and encourage all members who aren’t yet saving, to consider getting into the savings habit. Complete the AP form and return to your bank, including your Whai Rawa member number as a reference; it’s on your recent statement, in the top right-hand corner. Another way could be to set up a small regular amount from your online banking; Whai Rawa Trust is available to be set up in the Bill Payments section of most NZ banks.

Member Annual, Newborn Distribution and Matched Savings
All members who saved into Whai Rawa during 2016 will receive Matched Savings* (capped at $200 per member, per calendar year) by the end of March 2017. All whānau who were Whai Rawa members in 2016 will receive an Annual Distribution (subject to approval at Te Rūnanga in February 2017) at the same time, by the end of March 2017. Elective members (those aged 65 and older) receive Kaumātua Grants rather than Whai Rawa Matched Savings and Distributions.

* Te Rūnanga Matched Savings and Distributions are available to all members under 65 years of age (see page 5 of the Product Disclosure Statement) and are subject to RSCT (Retirement Scheme Contribution Tax) deducted at your personal RSCT rate (see page 13-14 of the Other Material Information document at www.whairawa.com).

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