You can contribute to your Retirement Savings Scheme account automatically through your employer or by making voluntary contributions.

Contributions we receive are generally processed within 5 business days. 

Employer contributions

You can generally make contributions directly from your pay via your employer to your Retirement Savings Scheme account. It’s a good idea to discuss how and when your contributions may be made directly with your employer.

Voluntary contributions

You can make contributions to your Retirement Savings Scheme account through online or mobile banking, or by direct debit. You can search for MAS Retirement Savings Scheme as a payee with select banks, or manually add us as a payee.

Making a payment

Use the following details when making a voluntary contribution to your Retirement Savings Scheme account:

Account Name

MAS Retirement Savings Scheme

Account Number

06-0541-0107564-00

Particulars

Member Number (you can find this on your Annual Statement or login to myMAS)

Code

Surname

Reference

MASRSS 

Adding a payee

You can search for MAS Retirement Savings Scheme as a registered payee with select banks, or manually add us as a payee to make it easier to contribute again in the future.

Manual entry

You can manually add MAS Retirement Savings Scheme as a payee in your online banking using the following details:

Account Name (biller name) MAS Retirement Savings Scheme
Account Number 06-0541-0107564-00
Exact Name on Account Medical Assurance Society NZ Ltd

Important

For ASB and BNZ banks specifically, as well as for any banks that do not list our Scheme's bank account under their registered payees or businesses, you need to manually enter the exact account name as registered with the bank to avoid a "Not Match" error during the Confirmation of Payee process. ASB and BNZ’s Confirmation of Payee service will verify whether the account name and number provided correspond with the bank’s official records. Therefore, please ensure you use the exact name on accounts (as per the table above) to successfully complete the Confirmation of Payee check.

Saved or registered payee (biller)

MAS has set up as a payee/biller with the following banks:

  • ANZ
  • ASB
  • BNZ
  • Kiwibank
  • Westpac
  • The Co-operative Bank

Simply search for the product name - MAS Retirement Savings Scheme - which is also the account name, in the biller or payee list and follow the prompts to complete your payment. Use the payment details above when making a contribution.

Important

MAS banks with ANZ and all our biller code instructions are set up with New Zealand banks via ANZ. Banks operate using different systems and processes, and while the biller names (product name or account name) are the same across all banks, the manual entry process can be different.

Select your bank from the list below for more information on how to make contributions through the mobile banking app.

ANZ

Searching for a Registered Payee

  • Tap Payments > Pay a Person or Bill > Select an account > Select a Payee
  • Search for "MAS Retirement Savings Scheme" and select the correct payee from the list and the registered details will be loaded

Adding a New Payee (Self-Selected Payee)

  • Tap Payments > Pay a Person or Bill > Select an Account > Select a Payee > Add New
  • Payee Name: Account name (e.g. "MAS Retirement Savings Scheme"; no need for exact name)
  • Account Number: 06-0541-0107564-00
  • The product name will show on your screen

ASB

Searching for a Registered Payee

  • Tap Payments > Make a Payment > Choose who to Pay > Registered Payee
  • Search for "MAS Retirement Savings Scheme" and select the correct payee from the list and the registered details will be loaded

Adding a New Payee (Self-Selected Payee)

  • Tap Payments > Make a Payment > Add a New Payee > Enter Payee Details
  • Payee Name: Use the exact registered name (e.g. "Medical Assurance Society NZ Ltd”)
  • Account Number: 06-0541-0107564-00
  • Tap “Check Payee Details” to initiate Confirmation of Payee

BNZ

Searching for a Registered Payee

  • MAS Retirement Savings Scheme is not available yet as a Registered Payee – please use the process below for a ‘Self-Selected Payee’

Adding a New Payee (Self-Selected Payee)

  • Menu (top left corner) > Payees > (top right corner) > Enter Account owner names
  • Account owner name: Use account name (e.g. "MAS Retirement Savings Scheme". For MAS RSS
    accounts, since the account has not yet been added under registered payees, it is necessary to include the exact name on account)
  • Account Number: 06-0541-0107564-00
  • BNZ will verify payee details

Kiwibank

Searching for a Registered Payee

  • Tap Pay & Transfer > Manage Payees > Add > Search Businesses
  • Enter "MAS Retirement Savings Scheme" and select from the results

Adding a New Payee (Self-Selected Payee)

  • Tap Pay & Transfer > Manage Payees > Add
  • Enter Account owner: Use account name (e.g. "MAS Retirement Savings Scheme"). 
  • Account Number: 06-0541-0107564-00
  • Tap “Check Payee Details” to initiate Confirmation of Payee. You will see a pop-up box stating the account number matches as business and asking you to search businesses.
  • Enter "MAS Retirement Savings Scheme" and select from the results

Direct debit

You can also choose to set up (or change) a regular investment direct debit payment weekly, fortnightly, monthly, quarterly, 6-monthly or annually.  

To start a direct debit you will need to complete a Direct Debit Authority Form.

You can change or cancel your regular direct debit payments by completing a Direct Debit Change Form.

Medical Funds Management Limited is the manager and issuer of MAS Retirement Savings Scheme. A copy of the Product Disclosure Statement (PDS) for the Scheme is available at MAS Retirement Savings PDS.

If you would like to talk to a MAS Adviser, phone 0800 800 627 or email info@mas.co.nz