ANZ has announced that they will be winding down the Bonus Bonds scheme at the end of October. There are 1.3 million Kiwis with about $3.25 billion invested in Bonus Bonds.
If you have Bonus Bonds and you’re not sure what to do next, you are not alone. We are finding a lot of our clients have questions about their Bonus Bonds.
You have two options
- Cash in your Bonus Bonds before October (when the formal winding up of the scheme begins)
- Or, after October, the funds will be frozen for up to 12 months as the scheme is wound up and money returned to Bonus Bonds holders or their estates