BNZ KiwiSaver Scheme Reward

7017
108 pts
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Redeem your points for dollars to the BNZ KiwiSaver Scheme

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The name as it appears on the BNZ KiwiSaver Scheme account
Please enter Bank-branch-account number-suffix in the format shown below
Eg. 02-1234-1234567-099
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Convert your Fly Buys points into contributions to the BNZ KiwiSaver Scheme.

Whether it's for you or someone else, Fly Buys can help the recipient's savings grow.

  • 108Fly Buys = a $20 contribution
  • Minimum contribution = $20
  • Contribute to your own or someone else's account
  • Only available with BNZ KiwiSaver Scheme accounts

Not a BNZ KiwiSaver Scheme member? To join or transfer from another scheme visit www.bnz.co.nz/kiwisaver.

Loyalty New Zealand Ltd is not a promoter of, and makes no endorsement or recommendation in relation to the BNZ KiwiSaver Scheme. Loyalty New Zealand Ltd receives a commission from BNZ on the dollar value of all conversions of Fly Buys points into contributions to the BNZ KiwiSaver Scheme.

BNZ Investment Services Limited, a wholly owned subsidiary of BNZ, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of theBNZ KiwiSaver Scheme Product Disclosure Statement, or pick up a copy from aBNZ store.

Investments made in the BNZ KiwiSaver Scheme do not represent deposits or other liabilities of BNZ or any other member of the National Australia Bank Limited group, and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, the Supervisor, any director of any of them, the Crown or any other person guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of capital.

BNZ Authorised Financial Advisers' Disclosure Statements are available on request and free of charge.

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  1. Conversions are permitted into any BNZ KiwiSaver Scheme account

    You can convert Fly Buys points into savings in either your, or another person’s, BNZ KiwiSaver Scheme account.  You cannot convert Fly Buys points into savings in any other KiwiSaver scheme.

  2. The BNZ KiwiSaver Scheme terms apply

    2Conversions of Fly Buy points into BNZ KiwiSaver Scheme savings are subject to the terms of the BNZ KiwiSaver Scheme. The BNZ KiwiSaver Scheme is governed by a Governing Document dated 19 August 2016. Further details of the BNZ KiwiSaver Scheme are set out in the BNZ KiwiSaver Scheme Product Disclosure Statement and any other material information which contains the terms attaching to the BNZ KiwiSaver Scheme investment statement which is available online at www.bnz.co.nz or you can request a copy by calling 0800 BNZ KIWI (0800 269 5494).

  3. Conversion rate is currently 108 points to NZ$20 savings

    The conversion rate applicable at the time of conversion will be used to convert Fly Buys points into BNZ KiwiSaver Scheme savings.  108 Fly Buys points currently convert into NZ$20 savings.  Fly Buys may change the conversion rate at any time.

  4. At least 108 points must be converted

    At least 108 Fly Buys points (currently equalling NZD$20 savings) must be converted each time you wish to convert Fly Buys points into BNZ KiwiSaver Scheme savings.

  5. A conversion will take place only if you have a sufficient balance of Fly Buys points to convert.

  6. Thereafter conversions must be in 108 multiples

    Conversions may be made only in multiples of 108 Fly Buys points.   You can convert any number of bundles of 108 Fly Buys points into BNZ KiwiSaver Scheme savings.

  7. Conversions are irreversible

    Once a conversion into BNZ KiwiSaver Scheme savings is requested, you cannot reverse the request.

  8. Conversions will be allocated between funds in the proportions previously instructed

    BNZ KiwiSaver Scheme savings which arise from Fly Buys conversions will be allocated between the BNZ KiwiSaver Scheme Funds in the proportions the BNZ KiwiSaver Scheme member has most recently chosen for contributions.

  9. Savings will be processed within 16 days

    Fly Buys point conversions will normally be processed into BNZ KiwiSaver Scheme savings within 16 days from the date the request is received.

  10. Fly Buys Membership Terms and Conditions apply

    Fly Buys Membership Terms and Conditions apply and are available at:

    www.flybuys.co.nz/Pages/site/terms_and_conditions

  11. There may be tax consequences of gifting

    If you convert Fly Buys points into another person’s BNZ KiwiSaver Scheme account tax issues may arise, including fringe benefit tax if the person is an employee.  Tax issues may also arise if you are a Fly Buys member who is a participant in the Fly Buys for Business Programme.  Any tax issues are your responsibility. We recommend that you consult a tax advisor before making a contribution to another person’s BNZ KiwiSaver Scheme account or if you are a Fly Buys member who is a participant in the Fly Buys for Business Programme . Neither BNZ Investment Services Limited nor Loyalty New Zealand Limited ("Fly Buys") makes any representation about the tax liability which may arise if you convert Fly Buys points into savings in another person’s BNZ KiwiSaver Scheme account or if you are a Fly Buys member who is a participant in the Fly Buys for Business Programme.

  12. These arrangements may change

    BNZ may withdraw this facility at any time.

  13. Fly Buys reserves the right to vary these terms and conditions without notice.

  14. No one guarantees the BNZ KiwiSaver Scheme’s performance

    None of BNZ Investment Services Limited, Bank of New Zealand nor any member of the National Australia Bank Limited group, The New Zealand Guardian Trust Company Limited (or any director of any of them), Fly Buys or any other person (including the Crown) guarantees the performance, returns, or the repayment of capital in respect of the BNZ KiwiSaver Scheme.

  15. Your personal information

    If you elect to convert your Fly Buys points into savings in either your, or another person’s, BNZ KiwiSaver Scheme account, Fly Buys will need some additional personal information for that purpose.  If you do not provide the required personal information to Fly Buys, Fly Buys will be unable to convert your Fly Buys points into savings in that BNZ KiwiSaver Scheme account.  Fly Buys will not share the personal information with any third party, except BNZ* to the extent required for the conversion.  Both Fly Buys and BNZ* will hold the information securely.  You can access or request correction of your personal information by contacting Fly Buys or BNZ*.  The personal information will be collected by Fly Buys and held by Fly Buys and BNZ* whose addresses are Level 4, NZX Centre, 11 Cable Street, Wellington 6011  and Level 4, 80 Queen Street, Auckland 1142. 

    *In this context, BNZ means Bank of New Zealand and BNZ Investment Services Limted

  16. If you are providing the personal information of another BNZ KiwiSaver Scheme account holder, you must obtain the consent of that person to provide the personal information to Fly Buys (and BNZ).