We are established KiwiSaver providers with a Professional KiwiSaver Scheme. This provides investors with what we believe is the best long term savings solution currently available.

Our KiwiSaver Scheme has been structured with four key considerations in mind. These are set out below. Please click on each of them for our reasoning:

• KiwiSaver investors should have a medium to long term investment horizon.
• Growth Assets will provide superior returns compared to Income Assets over the long term.
• Investments should be diversified into global assets, not overly concentrated in Australia and New Zealand.
• The nature of KiwiSaver Scheme contributions means investors should not be concerned by market volatility.

Based on these features, the Brook Professional KiwiSaver Scheme has two investment options. Please click on each of them for a breakdown of their asset allocations and suitability:

• Balanced Fund
• Growth Fund

To read our six-monthly KiwiSaver Scheme report, click here.

For further information on the Brook Professional KiwiSaver Scheme, please contact us on 0800 802 766 or email kiwisaver@brook.co.nz.

What is a KiwiSaver Scheme?

KiwiSaver was set up in July 2007 as a voluntary scheme by the New Zealand Government to encourage long term savings primarily for retirement.  The Scheme includes a number of subsidies and incentives from the Government that make it an attractive proposition for most New Zealanders. Brook is one of many KiwiSaver providers.

Who is Eligible for a KiwiSaver Scheme?

Anyone from newborns to 64 year olds are eligible if they are:

• a New Zealand citizen, or entitled to live in NZ indefinitely, and
• living or normally living in NZ.

What am I Entitled to?

• a $1,000 tax-free kick-start from the Government;
• a member tax credit will equal the total contributions you make over the year, up to a maximum of $20 a week or $1,042.86 a year, depending on your start date with KiwiSaver and how much you have contributed;
• your employer is required to make compulsory contributions of 2% of your gross salary or wage to your KiwiSaver scheme, unless they are contributing to another qualifying scheme of which you are a member, if:

    - you are 18 or over, and

    - your contributions are being deducted from your salary or wages.

When can I Access my KiwiSaver Funds?

• You become eligible to withdraw your savings (including the Government kick-start and member tax credits) as a lump sum when, or after, you have reached the End Payment Date (i.e. on qualification for NZ Super, when you turn 65, or after five years' membership, whichever is later).
• If you joined KiwiSaver between the age of 60 and 65, you'll be able to access your savings after you've been a KiwiSaver member for five years.

Opting Out

If you have been automatically enrolled in a KiwiSaver Scheme and you don't want to belong, you can opt out any time from 2 to 8 weeks after you join.

For further information on KiwiSaver, please go to www.kiwisaver.govt.nz

Legal disclaimer:

Investments in the Brook Unit Trusts are not deposits with, or other liabilities of, Macquarie Bank Limited (MBL) or of any other Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income and capital invested.  Neither MBL nor any other member of the Macquarie Group guarantees any particular rate of return on, or the performance of, the Brook Unit Trusts, nor do they guarantee the repayment of capital from the Brook Unit Trusts.

Brook Asset Management Limited is not an authorised deposit-taking institution for the purposes of the Banking Act (Cwth) 1959.  Brook Asset Management Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited (MBL).  MBL does not guarantee or otherwise provide assurance in respect of the obligations of Brook Asset Management Limited, unless expressly noted otherwise.