While KiwiSaver is designed to help you grow your retirement savings, there are times you may be able to access your funds early. Whether you’re retiring, buying your first home, facing financial hardship, or relocating overseas, there are several withdrawal options available depending on your situation.
There are a few ways you can take money out of your KiwiSaver account. Here’s a quick look at each option:
You can begin accessing your KiwiSaver savings when you turn 65. You don’t have to take it all out at once. You can withdraw some or all of it as needed, or set up regular payments.
Retirement withdrawal form
If you're buying your first home, you may be able to withdraw most of your KiwiSaver savings to help with the purchase. You need to have been a KiwiSaver member for at least three years. In some cases, you might be able to access your KiwiSaver funds a second time if you have owned a home or land previously.
First home purchase form
You can apply to withdraw your KiwiSaver savings early if you are permanently unable to work or are facing a serious health condition. Medical evidence is required as part of the application.
Serious illness form
If you have a condition that is expected to significantly shorten your life, such as Down syndrome or cerebral palsy, you may be able to access your KiwiSaver savings before age 65. You will need to provide supporting medical documentation.
Serious illness form
If you are experiencing real financial difficulty, like trouble paying for essential living costs, you might qualify to withdraw some of your KiwiSaver funds. You need to provide evidence and your application will be assessed.
Significant financial hardship withdrawal form
If you leave New Zealand and move overseas permanently (not including Australia), you may be able to withdraw your KiwiSaver savings after 12 months. You need to provide proof of your move.
Permanent emigration (excluding Australia) form
If you move to Australia, you cannot withdraw your KiwiSaver funds, but you can transfer them to an Australian superannuation fund under the Trans-Tasman portability agreement.
Trans-tasman transfer to Australia form
If you pass away, your KiwiSaver savings will be paid to your estate. Your executor or administrator will need to provide the necessary documents to arrange the withdrawal.
Christian KiwiSaver death claim form
