If you can provide evidence that you're suffering or likely to suffer significant financial hardship, you may be able to withdraw some of your KiwiSaver savings. You’ll also need to provide proof that you’ve explored all other reasonable alternative sources of funding as part of your application such as asking Work and Income New Zealand (WINZ) for assistance, contacting IRD about applying for a Savings Suspension and seeking budgeting advice from a Budget Advisory Service.
Significant financial hardship includes if you're:
You can apply to withdraw all your funds less government contributions (formerly MTCs) and kickstart (if applicable). The Supervisor of the Nikko AM KiwiSaver Scheme is responsible for approving your application and will determine the amount you require to relieve your hardship. This amount will likely be sufficient to cover a shortfall in your minimum living expenses for three months, and an amount to pay overdue bills or arrears.
If you think you’re eligible for a KiwiSaver hardship withdrawal you, need to:
We’ll check your application and supporting documents and will then contact you if we require any further information. We’ll then assess your application and send it to the Supervisor for a final decision.Download Significant Financial Hardship Withdrawal
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