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Overview

Since setting up Whai Rawa, Te Rūnanga o Ngāi Tahu has contributed over $75 million in matched savings, newborn and annual distributions. Note: the annual level of contribution may differ between calendar years and between members. Te Rūnanga o Ngāi Tahu may choose to cease or reduce contributions.

It’s Matched Savings time! Make a contribution to your Whai Rawa account before 13 December 2024, and you’ll be in the draw for a $200 Pak’nSave voucher that you could use to spend on treats for Kirihimete! Imagine the possibilities—ham, salmon, ice cream—what would you choose?

How do I get my Matched Savings?

If you contribute $200 (or $50 for tamariki aged under 16) into your Whai Rawa account this year you will receive the maximum $200* Matched Savings contribution to your account from Te Rūnanga o Ngāi Tahu in March 2025. Remember that any contribution you can make will be matched – even $5!

You have until 31 December to make your contributions

Make sure your contribution is processed by 31 December 2024 to qualify and that you reference the 6-digit registration number of the person you are making the deposit for. Matched Savings payments are made no later than 31 March in the calendar year following contribution.

Kai for Kirihimete! Be in to win!

Imagine a $200 Pak’nSave voucher for your whānau this Kirihimete… we have one to giveaway! ! Make a contribution to your Whai Rawa account before 13 December 2024, and you’ll be in the draw for a $200 Pak’nSave voucher. See our terms and conditions below for all the details.

Terms and Conditions

* Te Rūnanga o Ngāi Tahu matched savings and distributions 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). If you do not notify us of your correct rate, you will be taxed at the default rate of 39%. Distribution payments are made no later than 31 March in the calendar year following contributions. This promotion is in no way sponsored, endorsed, administered by, or associated with Facebook.  See our general terms and conditions for all competition rules at www.whairawa.com/competitiontermsandconditions. Entries close 13 December 2024, winners drawn and announced the following Monday 16th December. Whānau members aged 0-64 are eligible for the prizes. 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. All content is subject to WRFL’s financial advice disclosure statement available here www.whairawa.com/financial-advice.

Distributions

Te Rūnanga sets a provisional budget for distributions within the Whai Rawa budget each year as part of the overall Te Rūnanga budget. Matched Savings and Newborn Distributions are paid out of the Te Rūnanga budget first, with the balance (when applicable) being divided up for Distribution at Te Rūnanga’s discretion. Distributions are subject to RSCT and are not certain; some years Distributions may not be made at all.

Elective members (those aged 65 and older as at the end of the relevant calendar year) currently receive Kaumātua Grants outside the scheme rather than Whai Rawa distributions.

To date the distributions have been:

  • March 2007: Adult members $125 Child members $0
  • March 2008: Adult members $250 Child members $250
  • March 2009: Adult members $25 Child members $25
  • March 2010: Adult members $20  Child members $25
  • March 2011: Adult members $25 Child members $25 (paid March 2012 because of Canterbury earthquakes)
  • March 2012: Adult members $30 Child members $30
  • March 2013 Adult members $45 Child members $45
  • March 2014 Adult members $37 Child members $37
  • March 2015 Adult members $60 Child members $60
  • March 2016 Adult members $80 Child members $80
  • March 2017 Adult members $108 Child members $108
  • March 2018 Adult members $125 Child members $125 (+ child member bonus $25)
  • March 2019 Adult members $125 Child members $125 (+ child member bonus $45)
  • March 2020 Adult members $125 Child members $125 (+ child member bonus $60)
  • March 2021 Adult members $0 Child members $0 (one off class distribution for all tamariki accounts of $200*)
  • September 2021 Adult members $30 Child members $30 (one off bonus distribution)
  • March 2022 Adult members $0 Child members $0 (one off class distribution for all tamariki accounts of $200*)
  • November 2022 Adult members $30 Child members $30 (one off bonus distribution)
  • March 2023 Adult members $138 Child members $138
  • August 2023 Adult members $306.50 Child members $306.50 (relativity mechanism distribution)
  • March 2024 Adult members $151 Child members $151

Note: Distributions are subject to RSCT. The annual level of contribution may differ between calendar years and between members. Te Rūnanga o Ngāi Tahu may choose to cease or reduce contributions.

Matched Savings

Currently, for every $1 adult members (aged 16-64) contribute in a calendar year, Te Rūnanga will contribute another $1 (up to a maximum of $200* per member minus any applicable taxes). For tamariki members (aged under 16 years old as at the end of the relevant calendar year), Te Rūnanga will contribute $4 for every $1 contributed (up to a maximum of $200* per member minus any applicable taxes). Matched Savings and any Distribution payments are made no later than 31 March in the calendar year following qualification.

Elective members (those aged 65 and older at the end of the relevant calendar year) currently receive Kaumātua Grants outside the scheme rather than Whai Rawa Matched Savings.

Newborn Distribution

Te Rūnanga currently makes a newborn distribution of $100* to a child member’s account if the child is enrolled in Whai Rawa before they turn one. This distribution is made in March, in the year following enrolment, at the same time as other Whai Rawa payments from Te Rūnanga.

Reduced Fees

All costs and expenses, other than Fund Manager fees, will be met by Te Rūnanga while Whai Rawa Fund Limited remains the manager of Whai Rawa.

Māori Authority Credits

Generally, all Matched Savings and Distribution payments have Māori Authority Credits attached which offsets some of the RSCT* deducted which means more money going into your account.

* 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). If you do not notify us of your correct rate, you will be taxed at the default rate of 39%.

Distribution payments are made no later than 31 March in the calendar year following qualification. Download our PDS at www.whairawa.com/pds