23 Jan 2024

Big jump in Kiwisaver financial hardship withdrawals

From Midday Report, 12:37 pm on 23 January 2024

More and more New Zealanders are withdrawing their Kiwisaver due to financial hardship.

According to figures from Inland Revenue - in 2022 - there were 18,000 withdrawals on hardship grounds, but last year that number soared to 29,000.

They also outstrip withdrawals from first home buyers.

Retirement Commissioner Jane Wrightson spoke to Charlotte Cook.