Mr Martin HawesFinancial Adviser

Columnist with the Sunday Star Times

Queenstown

16:30 - 17:25 WS #48: Getting Ready for Your 20 Good Summers

17:35 - 18:30 WS #58: Getting Ready for Your 20 Good Summers

(Repeated)

2Martin Hawes

Twenty Good Summers

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350

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Disclosure StatementThe Summer KiwiSaver scheme is managed by Forsyth Barr Investment Management Ltd.

Information about the Summer KiwiSaver scheme is disclosed in the product disclosure statement (PDS) and on the

scheme and offer register entries at www.business.govt.nz/disclose

You can obtain the Scheme’s product disclosure statement and further information about the Scheme at

www.summer.co.nz, from one of our offices, or by calling us on

0800 11 55 66.

Forsyth Barr Investment Management Ltd is a licenced manager of registered schemes and part of the Forsyth Barr

group of companies.

The comments in this presentation are general in nature and are not personalised financial advice. If you wish to receive

financial advice that is specific to your circumstances, please contact your Investment Advisor.

Disclosure statements are available from Martin Hawes and your Forsyth Barr Authorised Financial Adviser on request

and free of charge.

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Martin HawesDisclosure Statement

Martin Hawes is an Authorised Financial Adviser. The views and opinions

expressed in this presentation are not intended to be a personalised

service for an individual retail client. The views and opinions are general in

nature, may not be relevant to an individual's circumstances, and

constitute a class advice only. Nothing contained in this presentation is

endorsed by the Financial Markets Authority. Before making any

investment, insurance or other financial decisions, you should consult a

professional financial adviser.

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Retirement spendingSpending during retirement fluctuates through three phases.

EarlyAged 65-74

MiddleAged 75-84

LateAged 85 plus

Active

Supported

Passive

Retirement income

Source: Commission for Financial Capability

Expenditure

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A never-ending argument

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Buffett’s two rules

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1. Don’t lose money

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2. Remember rule #1

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Investor type

• Defensive

• Conservative

• Balanced

• Growth

• Aggressive

Your investor type determines your asset allocation

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Conservative

20%

50%

20%

10%

Cash

Fixed Interest

Equities

Property

70

30

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Balanced

10%

40%35%

15%Cash

Fixed Interest

Equities

Property

50

50

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Aggressive

5%15%

65%

15%Cash

Fixed Interest

Equities

Property

20

80

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Kamikaze

100%

100

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KiwiSaver at a glance

• Employee and employer contributions

• Member tax credit

• Flexibility

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KiwiSaver myths• It’s hard to transfer

• It’s not guaranteed by the Government

• When I retire, I have to withdraw my money

• I need my KiwiSaver with my bank to transfer money into it

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Socially responsible investmentResponsible investment is taken into account by the Scheme.

Summer has a responsible investment policy, based on the NZ Super

Fund’s framework, that considers whether the relevant entity is directly

engaged in any of the following activities:

• manufacture of cluster munitions

• manufacture or testing of nuclear explosive devices

• manufacture of anti-personnel mines

• manufacture of tobacco

• processing of whale meat

If our assessment is that the entity is engaged in any of those activities,

then we don’t make the investment; either directly or into an underlying

managed investment scheme managed by us.

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Summer – My PlanYou can create your own portfolio of investments by choosing any combination of our funds.

You can choose to invest in any combination of the following eight funds:

• New Zealand Cash

• New Zealand Fixed Interest

• Global Fixed Interest

• New Zealand Equities

• Australian Equities

• Listed Property

• Global Equities

• Summer Investment Selection

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Asset allocations

Pre President Trump

New Zealand Shares 15%

Australian Shares 5%

International Shares 25%

Property 15%

Bonds 35%

Cash 5%

Post President Trump

New Zealand Shares 15%

Australian Shares 5%

International Shares 35%

Property 15%

Bonds 20%

Cash 10%

37

‘I don’t have time’ is the grown-up

equivalent of ‘the dog ate my

homework’

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Eat Your Frogs!

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www.summer.co.nz

40

Thank you

41Martin Hawes

Twenty Good Summers

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First Home withdrawal• Minimum three years KiwiSaver membership

• Withdraw personal, MTC and employer contributions, plus investment returns*

• $1,000 plus any transferred Australian superannuation must be left in the account

• Must be a first home buyer or in a similar financial position to a first home buyer

* Can only withdraw once. Please refer to the KiwiSaver Act, Housing New Zealand website and the withdrawal form for further information around criteria and how to proceed with an application.

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HomeStart grantHouse price caps* for grants and Welcome Home Loans

Area Amount

Auckland $600,000

Hamilton, Tauranga, Western Bay of Plenty, Kapiti Coast, Upper Hutt, Hutt City, Porirua, Wellington, Tasman, Nelson, Waimakariri, Christchurch, Selwyn District, Queenstown

$500,000

All other areas $400,000

HomeStart - First Home Deposit Subsidy

KiwiSaver contributions Single Couple

3 years $3,000 $6,000

4 years $4,000 $8,000

5 years $5,000 $10,000

KiwiSaver contributions Single Couple

3 years $6,000 $12,000

4 years $8,000 $16,000

5 years $10,000 $20,000

HomeStart (new home)HomeStart (existing home)

* Effective August 1st 2016, the Government increased the regional house price caps for the HomeStart grant.

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Summer online

Dashboard (cont.)

My Plan:

• View your current

market value and

elected %

www.summer.co.nz

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Dashboard

• View your balance

• Set a retirement goal

using our retirement

calculator

• View a graph of your

balance and

contributions

Summer onlinewww.summer.co.nz