Topic: KiwiSaver

Ronald’s KiwiSaver application for a financial hardship withdrawal was declined, despite the possibility of him being made redundant.

KiwiSaver rules are strict. Some withdrawal applications can make good sense to alleviate long-term hardship, but they may not be permitted under the legislation.

Amir applied for his late father’s KiwiSaver funds to be released. The KiwiSaver provider told him he had to apply to the High Court for a grant of probate before releasing funds because the amount was over the ‘small estate’ threshold.

Keola complained that his KiwiSaver supervisor wouldn’t let him make a hardship withdrawal.

KiwiSaver member complained that supervisor followed an unfair process in assessing her application for withdrawal under significant financial hardship.

Leah believed she should be entitled to access her KiwiSaver early, on the grounds of serious illness. She had incurable cancer and would not live to retirement age.

Ishaan wanted to withdraw his KiwiSaver funds due to serious illness to get bariatric surgery. The KiwiSaver supervisor declined his application.

A supervisor declined KiwiSaver significant financial hardship withdrawals because the members had other sources of funds: savings and an investment property.

Tina’s KiwiSaver supervisor declined her application to withdraw funds to repay debt

Janet locks in her KiwiSaver losses following the sharp, pandemic-led, market downturn in early 2020.