You can t withdraw any government contributions. If you joined kiwisaver or a complying superannuation fund before 1 july 2019 you may be subject to a five year membership requirement before you can start making withdrawals.
You may be able to get to your kiwisaver savings earlier in some cases.
How to withdraw money from kiwisaver. Can i withdraw my kiwisaver money. You ll need to supply medical evidence to support your application. If you first joined kiwisaver when you were over 65 remember you can make a withdrawal whenever you like.
There are two options available to submit a retirement withdrawal from your kiwisaver account. The law governing kiwisaver doesn t generally allow withdrawals until you turn 65. Once you turn 65 you can opt out of this lock in period by making a retirement withdrawal.
Submit the request online via the secure customer portal or. If you ve been a kiwisaver member for less than three months you need to contact inland revenue to apply. To submit a request online c lick the withdraw button when logged into the portal.
You need to show that you have explored all reasonable avenues to come up with the funds that you require. This is the quickest option and does not involve providing any supporting documentation unless your withdrawal includes government contribution funds. In some specific circumstances because of financial hardship or for a first home purchase early withdrawals can be made.
Here are all the ways you can withdraw kiwisaver funds when you retire buy your first home or experience a change in circumstances. Otherwise you can contact your kiwisaver provider. Call our kiwisaver specialists on 0508 972 254.
Please call us on 0800 asb retire 0800 272 738 to talk to us about your circumstances and the withdrawal process. Examples include if you. If you re seriously ill are injured or become disabled and can no longer work you can apply to withdraw all of your kiwisaver savings.
You can usually start withdrawing from your kiwisaver account when you turn 65. Are buying your first home. Are in significant financial hardship or have a serious illness.
You can withdraw all your kiwisaver funds when you reach the qualification age for new zealand superannuation currently 65. Complete a standard withdrawal form and provide some supporting documents.