Financial Hardship

  • For significant financial hardship, how do I withdraw?

    You might be able to withdraw some KiwiSaver savings if you can prove that you're in financial hardship. You're in significant financial hardship if you're:

    • Unable to pay minimum living expenses
    • When you can't make your mortgage payments and your lender will enforce the mortgage on your house
    • Modifying your home for a disabled person or a dependent family member
    • For you or your family members, you'll have to pay for medical treatment
    • You become ill
    • You or your family needs palliative care or has an injury
    • Having a serious illness
    • If a family member dies and you need to pay funeral costs.

  • For significant financial hardship, how much can be withdrawn?

    You can withdraw the current value of KiwiSaver contributions you've made with your employer(s). No Government contribution (including the $1,000 kick-start) can be withdrawn.

  • In case of a life-shortening congenital condition, how do I make a withdrawal?

    Under this category, you can withdraw money before 65.

    Congenital condition that shortens your life:

    1. KiwiSaver Regulations list a life-shortening congenital condition.

    • Down’s syndrome
    • Cerebral palsy
    • Huntington’s disease
    • Fetal alcohol spectrum disorder



     2. A person's life expectancy will be reduced below the New Zealand superannuation qualification age as a result of:

    When you withdraw a life-shortening congenital condition, you're considered to have reached retirement age.

  • When I'm sick, how do I withdraw?

    You can withdraw all your KiwiSaver savings if you're seriously ill. If you have one of the following conditions:

    • If you can't work in a job that suits your education, experience, or training
    • In the short term, it poses a serious risk of death