What is Cash4Schools™?
Cash4Schools™ is a fantastic initiative from Fisher Managed Funds Limited (FMF), designed to help New Zealand schools reach their full potential. A school will receive a $20 donation from FMF* for each new member who joins or transfers to the Fisher Funds TWO KiwiSaver Scheme and nominates that school, as well as an ongoing donation based on a percentage of what that member has in their Fisher Funds TWO KiwiSaver Scheme account (currently equivalent to $5.00 p.a per $10,000 invested for each member who participates in the programme)*.
How does the ongoing donation work?
Each year FMF will donate an amount equivalent to 0.05% of your Fisher Funds TWO KiwiSaver Scheme account balance to your nominated school (see Terms and Conditions below). As your Fisher Funds TWO KiwiSaver Scheme account balance grows, a larger amount is donated to your nominated school by FMF*. If your family, other families and community members also sign up and nominate your school, then a donation will be paid for them too.
Who pays for the donations?
FMF* pays for both the $20 sign up donation and the ongoing donation to the nominated school. Neither you, nor the Fisher Funds TWO KiwiSaver Scheme, or its Trustee, will pay the donation. There are no extra charges to you as a member of the Fisher Funds TWO KiwiSaver Scheme. So not only will you get all the benefits of investing through TMF, but now you will also get the satisfaction of knowing your decision to choose the Fisher Funds TWO KiwiSaver Scheme is directly helping your nominated school.
Can I also sign up my children?
Absolutely. All persons eligible to join the Fisher Funds TWO KiwiSaver Scheme, including children can participate in the Cash4Schools™ programme. KiwiSaver is a great way for children to start learning about money and the benefits of saving.
Please note that when signing up a child, the legal guardian must sign the application form. Persons under 16 may only be enrolled by all parents/guardians (acting jointly). Persons aged 16 or 17 must co-sign with a parent or guardian.
Is signing up my children a life sentence for them?
No. KiwiSaver is not a life sentence!
Some parents have held off from signing their children up to KiwiSaver because they think they are committing their children to making contributions until retirement age. Well, there's good news here. Although children in a part time job will have to contribute at the minimum contribution rate, if the children are not earning a salary or wage they will not have to make regular contributions. In addition, each KiwiSaver member can apply to take a contributions holiday after 12 months membership. Therefore, the sooner they join, the sooner they can take advantage of the benefits of KiwiSaver.
Remember, children get the one-off $1,000 Government kick-start when they first join too! Kick start your children's KiwiSaver account today!
Can family members or friends who are not associated with my nominated school participate?
Yes they can. Should they choose to join or transfer to the Fisher Funds TWO KiwiSaver Scheme, they too can nominate a school in the same way you do and the donations will continue to grow!
I have already joined the Fisher Funds TWO KiwiSaver Scheme, can I participate?
Yes you can. By completing the School Nomination Form you can choose the school that you wish the ongoing donation to be paid to. Note that the initial $20 donation is not payable in this circumstance, only the 0.05% ongoing donation payment applies to existing Fisher Funds TWO KiwiSaver Scheme members who choose to participate in the Cash4Schools™ programme.
I have joined KiwiSaver through another provider, can I participate?
Yes you can. All you need to do to transfer to the Fisher Funds TWO KiwiSaver Scheme is to read the investment statement, complete the application form at the back and state that you are already an existing KiwiSaver member (remember to nominate your school in this process!). We will automatically arrange for the transfer of your KiwiSaver account from your existing provider.
How do I join the Fisher Funds TWO KiwiSaver Scheme?
You can sign up to the Fisher Funds TWO KiwiSaver Scheme either online or by completing an application form which you'll find in the investment statement). The investment statement, contains all the information you will need to make your decisions. Please read it carefully before completing your application. If you sign up online, you will automatically download a copy of the investment statement as part of the sign up process.
How do I nominate my school?
When you complete the application form (found at the back of the investment statement), nominate your school by inserting the school name in full in the section headed School Nomination.
If you are already in the Fisher Funds TWO KiwiSaver Scheme, and want to nominate a school, or wish to change your nominated school, please complete this form.
Note: It is important that you clearly write the full name of your chosen school. This way you will make sure we know who you want us to be donating money to!
If you have any questions about our Cash4Schools™ programme, or to obtain a copy of the Fisher Funds TWO KiwiSaver Scheme Investment Statement please call 0800 20 40 60 and we'll be happy to help.
For schools who want to register with us, please complete the School Registration Form.
New and existing members of the Fisher Funds TWO KiwiSaver Scheme are eligible to nominate a school under the Cash4Schools™ programme, subject to the following terms and conditions:
- Following registration to the Cash4Schools™ programme, Fisher Managed Funds Limited will provide a quarterly donation to the school equal to 0.05% p.a of funds under management for those Fisher Funds TWO KiwiSaver Scheme members who have nominated a school, provided that the quarterly donation payment is $50 or more. If the donation amount due to the school is below $50, the donation will be held until the next donation date, or until such time as the donation amount exceeds $50.
- Fisher Managed Funds Limited will make a $20 one-off donation to the school for each Fisher Funds TWO KiwiSaver Scheme member that nominates the school as their beneficiary. The $20 donation will only be made for those members who are not already a member of the Fisher Funds TWO KiwiSaver Scheme.
- No additional money is payable by the members, the Trustee, or the Fisher Funds TWO KiwiSaver Scheme.
Fisher Managed Funds Limited reserves the right to review and amend these terms and conditions at any time.