BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme.
Starter Pac is available to customers under the age of 18 and comprises both a Westpac Savings account and membership of the Westpac KiwiSaver Scheme. Offer available from 1 September 2014 until 30 June 2015 (unless extended) for customers who, within that period: open or hold a Westpac Savings account and join or belong to the Westpac KiwiSaver Scheme (including transferring in from another KiwiSaver scheme). For Starter Pac customers, the current Westpac KiwiSaver Scheme monthly administration fee (currently $2.25 per month) will be waived for 2014 and each subsequent calendar year until they turn 18 providing a deposit has been made into a Westpac Savings account in the customer’s name during the previous calendar year. Other fees applicable to the Westpac KiwiSaver Scheme, as described in the current Westpac KiwiSaver Scheme investment statement, will still apply. Where the customer turns 18 during a calendar year that the Westpac KiwiSaver Scheme monthly administration fee is being waived, the fee will be reapplied from the end of that calendar year. A copy of the current Westpac New Zealand Limited disclosure statement is available free of charge from any Westpac branch.
The information above is subject to changes to government policy and law, and changes to the Westpac KiwiSaver Scheme from time to time. Investments made in the Westpac KiwiSaver Scheme (Scheme) do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies, The New Zealand Guardian Trust Company Limited (as trustee), or any director or nominee of any of those entities, or any other person guarantees the Scheme’s performance, returns or repayment of capital.
For a copy of the investment statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 367 3317 (international toll charges apply). You can also download the investment statement.