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Would I qualify for a Significant Financial Hardship withdrawal?

January 30, 2019

Simon Smith | Chief Editor

Written by Simon Smith | Chief Editor

Bringing you all the latest news, views and up-to-date info on KiwiSaver, retirement planning, finance and more.

It is not easy to access your KiwiSaver investment early. This interactive guide will help determine if you are eligible.

Almost 45% of Kiwis struggle financially at Christmas according to the Salvation Army.

And with news that KiwiSaver financial hardship withdrawals jumped 60% in two years, it can be tempting to dip into your account to help tide over in the first months of the New Year.

But the truth is that KiwiSaver is not simple to ‘unlock.’ It was designed primarily to help New Zealanders have a better retirement.

Find out if you meet the criteria for a KiwiSaver Significant Financial Hardship Withdrawal with this quiz. If you do qualify you will need to provide proof for all claims during the application stage.


If you are struggling financially, three good places to seek advice are:

1. the Citizens Advice Bureau (CAB)
2. New Zealand Federation of Family Budgeting Services on 0508 BUDGET (0508 283 438)
3. MoneyTalks: phone 0800 345 123; text 4029; email help@moneytalks.co.nz 


Tags: KiwiSaver, KiwiSaver basics

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