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Withdrawing from your KiwiSaver

Withdrawing from your KiwiSaver

The KiwiSaver scheme allows you to voluntarily save up so that when you retire, you are financially secure. However, situations can arise during which you find yourself needing the support of your KiwiSaver before retirement. 

If you find yourself in one of the following situations, you are permitted to withdraw money from the KiwiSaver:

  • Permanent emigration: If you have lived in another country for more than 12 months, then you can complete a permanent emigration withdrawal form which allows you to either withdraw your savings or transfer them to an approved superannuation scheme. There are some further considerations if you have emigrated to Australia.
  • Serious illness withdrawal: If you experience a serious injury, illness or disability, and you are unable to part-take in work which is relevant to your experience and education, then you may withdraw money from your KiwiSaver
  • Significant financial hardship withdrawal: If you are experiencing financial hardship, then you may be able to withdraw from your KiwiSaver once you finish a hardship withdrawal form. But, there are some eligibility requirements that you need to meet which are listed on the KiwiSaver website.
  • First home withdrawal: As long as you meet certain eligibility requirements, you are permitted to withdraw funds from your KiwiSaver when buying your first home. 

These provisions allow you to access your KiwiSaver prior to retirement when you might need them the most. 

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