• Introduction
  • Your information
  • Partner's information
  • Confirming your identity
  • Financial adviser details
  • Retirement Income Choices
  • Your privacy
  • Your agreement
  • Complete

Apply online to get an income in retirement

To ensure your application is as straightforward as possible, could you please make sure you have a few documents on hand to attach to your application. Near the end of the form we’ll ask you to attach an electronic copy of the following documents:

  • Evidence of your identity (a copy of your NZ driver licence or NZ passport)
  • Evidence of your address (a copy of your bank statement, power bill, home phone bill, or rates bill)
  • Evidence of your bank details (a copy of your bank statement or bank deposit slip by a registered bank in the last 12 months)
If investing jointly with a partner you must be in a relationship (i.e. de facto, civil union, marriage or a relationship determined by Lifetime to be similar in nature to those relationships).

2. Your information

Must be aged 65 or older.
By completing this application and providing my email address, I consent to receiving communications from the Manager or the Supervisor electronically.
For assistance, please call Inland Revenue on 0800 775 247
For assistance, please visit www.ird.govt.nz/roles/portfolio-investment-entities/find-my-prescribed-investor-rate
You must notify us of any changes to your tax residency or US citizenship within 30 days of the change.

3. Partner's information

Your Retirement Income is calculated on the age of the youngest partner.
By completing this application and providing my email address, I consent to receiving communications from the Manager or the Supervisor electronically.
For assistance, please call Inland Revenue on 0800 775 247
For assistance, please visit www.ird.govt.nz/roles/portfolio-investment-entities/find-my-prescribed-investor-rate
You must notify us of any changes to your tax residency or US citizenship within 30 days of the change.

4. Confirming your identity

To process your application we will need to verify your identity, address, and bank account details.

Why do we need these documents?

4. Confirming your identity

Please email scanned copies of your documents to retire@lifetimeincome.co.nz

We are required by law to verify your identity, address and bank account details.

If you can please attach the specified document/s for each category below. If you are making a joint investment, please include an identification document for your partner.

This may be one of the following documents:

  • Your current NZ passport
  • Your current NZ drivers licence plus a statement issued in the last 12 months by a registered bank
  • Your current NZ drivers licence plus a bank card showing your name and signature
  • Your current NZ drivers licence plus a copy of your birth certificate

This can be one of the following documents:

  • Bank statement
  • Power bill
  • Telephone / Internet bill
  • Rates bill
  • A statement issued by a government agency such as IRD

The above statements must have been issued within the last 12 months.

This may be one of the following documents:

  • Bank statement
  • Bank deposit slip

Please post photo-copies of your documents to:

Lifetime Asset Management Limited
Attn: Applications team
PO Box 10760
Wellington 6140

We are required by law to verify your identity, address and bank account details.

If you can please include the specified document/s for each category below. If you are making a joint investment, please include an identification document for your partner.

This may be one of the following documents:

  • Your current NZ passport
  • Your current NZ drivers licence plus a statement issued in the last 12 months by a registered bank
  • Your current NZ drivers licence plus a bank card showing your name and signature
  • Your current NZ drivers licence plus a copy of your birth certificate

This can be one of the following documents:

  • Bank statement
  • Power bill
  • Telephone / Internet bill
  • Rates bill
  • A statement issued by a government agency such as IRD

The above statements must have been issued within the last 12 months.

This may be one of the following documents:

  • Bank statement
  • Bank deposit slip

We are required by law to verify your identity, address and bank account details.

If you can please attach the specified document/s for each category below. If you are making a joint investment, please include an identification document for your partner.

This may be one of the following documents:

  • NZ passport
  • NZ driver licence plus a statement issued in the last 12 months by a registered bank

Click to upload, or drag files here

This may be one of the following documents:

  • Bank statement
  • Power bill
  • Home phone / Internet bill
  • Rates bill

The above statements must have been issued within the last 12 months.

Click to upload, or drag files here

This may be one of the following documents:

  • Bank statement
  • Bank deposit slip

Click to upload, or drag files here

We will use the above documents to electronically verify your details. If we are unable to electronically verify you, we will need to request certified copies of your supporting documentation.

5. Authorised financial adviser details

Adviser service fees (optional)

Ongoing adviser service fee (ASF) will impact your income payments.

I authorise the Manager to pay an ongoing ASF of:

Maximum 0.25%

to the financial adviser whose details are listed above.

I understand the ongoing ASF will be deducted from my account balance in the Fund each month. I understand it will be calculated on my current account balance.

I understand that the ongoing ASF fee will impact my income payments.

6. Retirement Income Choices

Investment

Minimum Investment of $25,000

To calculate your retirement income we need to estimate your life expectancy. We have set out three options to allow you to choose the estimate that best suits you, and what you know about your family history.

Shorter Life Expectancy – Higher income, designed for those who aren’t expecting to live into their 90s
Average Life Expectancy – Moderate income, designed for those who expect to live part way through their 90s.
Longer Life Expectancy – Lower income, designed for those who are expecting to live into their late 90s.

If none of these options work for you, please email retire@lifetimeincome.co.nz for an income solution tailored to meet your specific requirements.

As you move through retirement there is a risk that your money becomes less valuable because of inflation. We can offer you the option to increase your income level each year, currently we are applying an annual increase of 2% each year. Note it is not a CPI aligned adjustment - it is 2% annually.

Approximately only 40% of people aged in their 60’s and 70’s will live into their mid-8O's. For this reason we give you the option to maximised your spending earlier in retirement. This means giving you more to spend earlier in retirement, then resetting your income at aged 85 out to your selected life expectancy.

A Lifetime staff member will be in touch to confirm your regular income.

Income payments are made on the same weeks as the government paid NZ superannuation.

7. Your Privacy

The personal information you are providing in this application form, and in respect of any documents relating to it, including in the future, is being collected for the purposes of establishing and effectively managing your investment in the Fund and in compliance with all relevant law. The information may be used by, and disclosed to, the Manager or Supervisor, and any other entity that is involved in the administration and management of the Fund (including Inland Revenue and any regulatory body). You agree that the Manager, Supervisor and their agents may collect and use the information for these purposes, and to promote other products issued by the Manager. The information is being collected by the Manager whose addresses are in the Product Disclosure Document, and will be held by it, the Custodian and the Administration Manager (whose addresses are Level 9.34 Shortland Street Auckland, and Level 25, 125 Queen Street, Auckland) You can request access to your personal information and can ask to correct that information by calling 0800 254 338.

8. Your agreement

By completing this application form, you confirm that you have received and read the Lifetime Retirement Income Fund Product Disclosure Statement and that you agree to be bound by the Lifetime Retirement Income Fund’s terms and conditions. These are set out in the Product Disclosure Statement, online register entry, application form, and governing document.

Partner's agreement

By signing this application form, you confirm that you have received and read the Lifetime Income Fund Product Disclosure Statement and that you agree to be bound by the Lifetime Retirement Income Fund’s terms and conditions. These are set out in the Product Disclosure Statement, online register entry, application form, and governing document.