15 Oct 2019

KiwiSaver for rental properties: Yes or no?

From Checkpoint, 5:52 pm on 15 October 2019

Allowing KiwiSaver funds to go towards investment property would cause a "fundamental philosophical shift" in KiwiSaver's purpose, according to one provider.

The proposal, suggested by the Retirement Commissioner, would change current rules to allow people to use KiwiSaver to buy a property, without having to live in it.

Some have commended its "outside the box" thinking, but others aren't convinced.

Harry Lock's been having a look at the debate and filed this report.