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KiwiSaver Withdrawal Options

Generally, you will have to wait until you are eligible to receive NZ Superannuation to withdraw the money in your KiwiSaver account. In extreme situations, you may be able to access some of the money in your KiwiSaver account earlier.

Ordinary withdrawals

You can make an ordinary withdrawal from KiwiSaver when you reach the age of eligibility for NZ Super, which is currently 65. However, if you joined KiwiSaver after you turned 60 you need to stay in for at least five years before you become eligible to withdraw.

  • How much will you get? Your entire account balance which includes your contributions, any government contributions, any employer contributions, any transfers from other super schemes, plus or minus any earnings or losses on these contributions.
  • How can you withdraw it? You can take out the whole amount as a lump sum, or take regular withdrawals.
  • You can keep contributing after you’re eligible to withdraw, but you will no longer be eligible for the member tax credits.

Early withdrawals

You can apply for an early withdrawal for the following reasons:

  • Once you have been in KiwiSaver for three years, to help you buy your first home.
  • If you are experiencing significant financial hardship.
  • If you are suffering serious illness.
  • If you have moved overseas permanently to a country other than Australia. You can apply to withdraw 12 months after you have emigrated.

If you have a KiwiSaver account when you die, your account balance will be paid to your estate.

The rules about withdrawals from KiwiSaver are described in detail on Inland Revenue’s KiwiSaver website. If you are a member of the Kiwi Wealth KiwiSaver Scheme and you need to apply for an early withdrawal, please contact us for the application forms. 

Related information

KiwiSaver Opt Out

KiwiSaver First Home Withdrawal

KiwiSaver And Retirement

Transfer Australian Super to KiwiSaver

Transfer UK pension to KiwiSaver


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