The End Of Bonus Bonds31 August by
The End Of Bonus Bonds
There has been much attention on Bonus Bonds recently with ANZ's announcement to close the scheme. But for the 1.3 million of you with a share of the $3.2 billion held in Bonus Bonds – what should you do? As is often the default position with investment scheme wind-ups, we suggest you sit tight. Now just might be the only time that Bonus Bonds have ever proved to be a worthwhile investment.
As you may have noticed on your recent your KiwiSaver annual statement, this year the statements must have a projection to give you some indication of how much you could have in your account at retirement.