Covid withdrawals possible 'but not always desirable'

KiwiSaver members are being told they may be able to withdraw their money to help them through tough financial times caused by Covid-19 – but the decision should be made carefully.

Retirement Commissioner Jane Wrightson said it was understandable that many KiwiSaver members facing financial hardship were turning to their funds as a potential source of short-term income, but there was a range of options they could consider first.



“While your circumstances may qualify for withdrawal under significant financial hardship, taking out money now may severely impact your quality ...MORE»

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[The Wrap] Coping with Covid-19; thinking ahead; update your info

This week's wrap is a bit different to my normal ones (including being on a Monday). The Covid-19 lockdown presents daily challenges for each of us, but is a good opportunity to think about the future. Also I ask you to update your details so we can get information to you.

First up I hope everyone is coping ok with this massive disruption going on in our lives. It's fascinating times; while the short term doesn't look that great, I'm sure good things will come out of everything which is going on.

While our focus over the past week has been, like everyone else, on operational issues – thoughts are also shifting to the future.

An interesting comment ...MORE»

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Covid withdrawals possible 'but not always desirable'

KiwiSaver members are being told they may be able to withdraw their money to help them through tough financial times caused by Covid-19 – but the decision should be made carefully. MORE»