10-year anniversary
Along with Ngāi Tahu Fund and Aoraki Bound, our 10-year anniversary is fast approaching. It is a real celebration for Te Rūnanga and Whai Rawa Fund Limited having an investment scheme running successfully for 10 years. There will be a promotion celebrating our anniversary running from July to September. For the chance to win prizes and trips away make sure you like our Facebook page, visit our website, or check the Whai Rawa pages of future Te Pānui Rūnaka so you can stay up-to-date. Watch this space.
Automatic payments
Have you set up an Automatic Payment form yet? It’s really simple — you can download it from our website and return it to your bank or, you can log into your online banking and set up an automatic payment; we are loaded as a payee through most major banks.
For only $4 per week for adults, or $1 per week for tamariki (under 16) members can track towards the maximum Matched Savings* of $200* per member per calendar year. As these payments are for a calendar year any shortfall can be topped up at the end of each year.
Electronic statements
Our mid-year statements for all transactions to 31 March 2016 are due to be sent out by the end of June.
To help us enable more prompt delivery, please ensure your details are up-to- date. To log in to your statement online you will need to enter an 8-digit pin number — this is your date of birth, for example: 23 May 2010 translates to 23052010.
If you don’t have an email address registered with Te Rūnanga, your statement will be delivered via the post. To request an automatic payment form or update your details please call our Contact Centre on 0800 942 472 or email: [email protected]
Annual distribution
Those who were Whai Rawa members in 2015 received an $80* Annual Distribution into their account at the end of March 2016. Unfortunately, members in the over 65 age group received this distribution in error, which has now been debited off accounts. This correcting debit was processed in April 2016 and will show on the statement at the end of the year. Apologies for the confusion.
All those who are aged 65 and over will receive their Kaumātua Grant at the end of 2016 and more information relating to this, will follow towards the end of this year.
* Te Rūnanga matched savings and distributions are available to all members under 65 years of age (see pages 11-13 of the investment statement) and are subject to RSCT (retirement scheme contribution tax) deducted at your personal RSCT rate (see page 18 of the investment statement).
