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
Learn about the role KiwiSaver plays in an overall investment strategy and how to optimise your KiwiSaver savings now, so you can retire with more.
Thinking about drawing down on your KiwiSaver early for a first home? Wondering what other situations apply for early withdrawal? Find out when and how much you can withdraw here.
Sometimes life throws you curve balls. Learn about the special situations when you can apply to withdraw some or all of your KiwiSaver investment early.
GoalsGetter is free to use, but when you invest, standard fees to manage your investment apply. Find out about the types of fees that apply for our Nikko AM retail and KiwiSaver funds.