Whai Rawa

A pathway to prosperity for Ngāi Tahu Whānui

Ngāi Tahu recognised very early in its journey that education in all its forms is critical to tribal and whānau development.

While tasked with protecting and growing the collective tribal assets, Te Rūnanga also understood the need for mechanisms that would empower individuals and whānau to determine their own futures.

In order to achieve optimal personal wealth, evidence suggests an individual needs to do more than merely passively save. They need to create a sustained savings habit and have an adequate level of financial literacy.

Financial knowledge and economic independence is at the core of the innovative Whai Rawa scheme launched in 2006.

A hybrid between a superannuation scheme and a unit trust, it delivers a range of benefits to members.

Designed to build wealth and enhance the wellbeing of current and future generations by providing a flexible savings vehicle for retirement, home ownership or tertiary education. It is also a vehicle for receiving annual distributions from Te Rūnanga.

Te Rūnanga supports Whai Rawa by providing matched savings, annual distributions, newborn distributions as well as meeting most of the administration costs.

Te Rūnanga o Ngāi Tahu currently contributes:

  • Matched contributions to members currently at 4:1 for child members (under16) and 1:1 for adult members (under 65) up to a maximum of $200 per annum*.
  • Distributions to all members under 65 regardless of their ability to save
  • Newborn distribution of $100 for each member enrolled with Whai Rawa before their first birthday
  • All operating costs other than investment fees which are met by members.

* Te Rūnanga matched savings and distributions are available to all members under 65 years of age (see pages 4-5 of the Product Disclosure Statement) and are subject to RSCT (Retirement Scheme Contribution Tax) deducted at your personal RSCT rate (see page 2 and 11 of the Product Disclosure Statement).

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