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Tax statement information

Booster Superannuation

When planning savings for retirement, adding a private superannuation plan like the Booster SuperScheme can be a great way to give a boost to your retirement goals.

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Booster SuperScheme

Booster SuperScheme is designed to help you save for your retirement – whilst allowing you the flexibility of investing in both New Zealand and UK currencies. Think of it as turning pennies into dollars.

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ROPS approved

Booster SuperScheme is a Recognised Overseas Pension Scheme (ROPS) and can receive transfers of retirement savings from a UK pension scheme.

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Keep your money in UK pounds

When you transfer your UK pension, you can choose to keep your money in UK pounds until you’re ready to convert it to New Zealand Dollars.

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Or, keep your money in NZD and GBP

Or you can choose to hold your transferred money in a combination of both sterling and New Zealand dollar investment portfolios.

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KiwiSaver stepping-stone

You can join the Booster SuperScheme if you’re a resident of NZ but not yet eligible for to join KiwiSaver. Once you’re a permanent resident, you can transfer your savings to KiwiSaver with the exception of any UK pension money.

How does the Booster SuperScheme work?

How to invest in the Booster SuperScheme

The Booster SuperScheme offers a wide range of investment fund options to choose from, including three socially responsible investment (SRI) funds. You can choose to invest in just one fund or spread your investment across up to five different funds.

Questions?
If you have any queries or want to know more: call us on 0800 336 338 talk to your financial adviser, if you have one. If you don't have a financial adviser, contact us and we'll put you in touch with one in your area.

KiwiSaver stepping-stone You can join the Booster SuperScheme if you’re a resident of NZ but not yet eligible to join KiwiSaver. Once you’re a permanent resident, you can transfer your savings to KiwiSaver with the exception of any UK pension money.
Access your money earlier

If you meet certain criteria, Booster SuperScheme offers two early withdrawal options – transition to retirement, or early retirement. For transition to retirement withdrawals, you can apply to access your money up to 10 years before reaching the current NZ superannuation age (65-years-old).

For UK pension transfers, you’ll be able to access your UK pension money when you reach the UK minimum pension age (currently 55-years-old).

Make one-off or regular contributions

You can choose if you’d like to make one-off, lump sum or regular contributions to your Booster SuperScheme account.

Transfers from other super schemes

If you've got a New Zealand superannuation scheme or savings plan that's not a KiwiSaver scheme, you may want to transfer those savings into your Booster KiwiSaver Scheme member account.

If you're a Booster KiwiSaver Scheme member, you can start this process by downloading and completing the form (this form can be found in mybooster), then returning it to Booster or to your financial adviser.

Transfers from other countries

If you are a New Zealand resident with pension funds in other countries, you’ll need to check whether the laws in your country of origin allow transfers into New Zealand. You can find out more about this on the IRD’s website, or from a financial adviser.

Our funds

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Conservative funds

Moderate to low returns over a shorter time frame.

Usually the right pick if:
You’re going to need access to your money fairly soon or if you have low tolerance for ups and downs in your fund’s value.

0-5yrs
0-5yrs

Minimum suggested investment timeframe

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1-3

Risk indicator (risk/return)

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Balanced funds

Less volatile than a growth fund likely to grow faster than a conservative fund.

Usually the right pick if:
You don't need to spend your investment soon but need it in the medium term — say, within 5-10 years.

5yrs
5+yrs

Minimum suggested investment timeframe

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4

Risk indicator (risk/return)

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Growth funds

Higher returns over the long term.


Usually the right pick if:

You need higher growth in your investment over the long term, and won’t panic if you see your account balance rise and fall.

7yrs
7+yrs

Minimum suggested investment timeframe

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4-7

Risk indicator (risk/return)

We’re here to help

Call us on 0800 336 338

8am – 8pm Monday to Friday