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13 May 2021
The reports are based on data held as at 31 March 2021. If you updated your personal details after 31 March 2021, these will appear in next year's report.
You can check your current account details and make changes by using the MAS Investor Portal. If you have not yet registered to use the portal, you can do so by clicking on the "Register a new account" button and following the simple instructions.
If you have any questions, call us on 0800 627 738 or email us.
The reports are based on data held by our fund administrator, Link Market Services, as at 31 March 2021. If you told us to change your fund holdings and/or investment strategy after 31 March 2021, these reports will not reflect the changes.
You can confirm your current fund holdings and/or investment strategy by logging into the MAS Investor Portal. If you have not yet registered to use the portal, you can do so by clicking on the "Register a new account" button and following the simple instructions.
The projections are based on rules set by regulation. You can find out more here.
We aren't able to include a projection with your statement if:
You were not a Member of the MAS KiwiSaver Plan or MAS Retirement Savings Plan for the whole year (1 April 2020 to 31 March 2021)
You were under 18 years old at 31 March 2021
You were over 65 years old at 31 March 2021.
Because of regulatory requirements, projected retirement balances are rounded to the nearest $1,000. This means if it is to be less than $500, it is rounded to nil.
The basis on which tax is calculated is different to the basis on which the investment return is calculated. They key differences are illustrated in the table below.
International shares
Applying the table above to the performance of the various financial markets in the 2020-21 financial year, in a handful of cases due to the volatility of financial markets and the timing of transactions, there may have been tax to pay despite the account also having a negative investment return.
This refers to the Fund(s) annual management fee and certain administrative charges. The total of these will not be the same as the fees referred to in the statement. The difference is third party fees that are incorporated into funds in which our funds may invest. These other fees are not directly paid by you and therefore do not qualify as a deductible expense.
If you began working for a different DHB during the year, you need to advise your new employer to start contributions. Check with your new employer whether they have made this change.
The government contributions in the statements related to your contributions for the year ended 30 June 2020. Your contributions in the statements are for the year ended 31 March 2021. Some contributions may also have been held by Inland Revenue rather than your scheme at the time a previous government contribution was calculated.
Inland Revenue (IR) can recover contributions made in error to your KiwiSaver account, such as overpayments by your employer. This does not happen very often and is generally for small amounts. If you have not made contributions during the year and IR recovers contributions from the previous financial year, your contributions may even be negative. To find out more, talk to your employer.
There is a minimum annual fee of $50. This is calculated and deducted quarterly. You will see this in the transactions record of your account if you log into the MAS Investor Portal. If you are not making contributions, this may result in the fees being greater than the return you earn, reducing the value of your account.
If you cannot find the answer you were looking for, please call us on 0800 627 738 or email us.
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