He Pānui pai!
2020 Te Rūnanga o Ngāi Tahu Contributions are officially in your accounts whānau.
This year, Te Rūnanga o Ngāi Tahu has contributed over $3.5 MILLION into Whai Rawa accounts for 2020 Matched Savings, Newborn
Distributions, Class Distributions and associated taxes*! Ka rawe!
Tamariki – you’ve got $200* in your account from Te Rūnanga o Ngāi Tahu!
All Tamariki Members have received $200* into their accounts – either a mix of Matched Savings and Class Distribution or just as a Class Distribution if no
contributions were made.
Adult Members who saved up to $200 in the 2020 calendar year, will have had savings matched by Te Rūnanga at $1 to $1, up to a $200* maximum. For our Tamariki Members, Te Rūnanga matched $4 to $1, so $50 contributed in 2020 will have got your tamariki $200* in their accounts. Tamariki also have a
$200* matched savings maximum.
It is also Newborn Distribution time!
If you registered your pēpi during 2020 and before their first birthday, their account will have received $100*. Opening a Whai Rawa account for your pēpi can help teach them good money management from an early age, setting them up with the right skills as they get older. If time is on your side, your money has the
potential to grow significantly too.
2020 Distributions Summary
Whānau, you may recall that as part of 2020 budgeting reviews Te Rūnanga o Ngāi Tahu reduced the amounts they would contribute to Whai Rawa member accounts for 2020 and consequently there has been no Annual Distribution paid to all members in March 2021 for the 2020 calendar year. Te Rūnanga has however made a class distribution(s) such that all child members, irrespective of their savings contribution, will receive $200*. Te Rūnanga contribute Distributions to Whai Rawa member accounts on an annual basis with payments being processed by the 31st March each year.
* Te Rūnanga o Ngāi Tahu matched savings and distributions (when applicable) are available to all Whai Rawa members under 65 years of age (see the Product Disclosure Statement) and are subject to RSCT (retirement scheme contribution tax) deducted at your personal RSCT rate (see the Other Material Information document at www.whairawa.com). Distribution payments are made no later than 31 March in the calendar year following qualification.
Whai Rawa Fund Limited is the issuer of the Whai Rawa Unit Trust. A copy of the Product Disclosure Statement is available at www.whairawa.com/pds