Topic: KiwiSaver

Deborah’s application to withdraw KiwiSaver funds on the grounds of significant financial hardship is declined because of funds in her partner’s bank account.

Jodie became unwell and could not work. She applied to withdraw money from her KiwiSaver but was told she did not have a serious illness that stopped her from working permanently. Is Jodie entitled to withdraw from her KiwiSaver to pay off her debt?

Ravi is ill and unable to live within his means, but he’s not 65. Can he access his KiwiSaver money early?

Wang lei signed up to a KiwiSaver scheme with the intention of only making voluntary contributions due to his employment contractual arrangement. However, he later found out that he was not eligible for employer contributions to his account. Could Wang lei close his KiwiSaver account?

Inconvenience caused during a significant financial hardship application within the tolerance expected for everyday life.

KiwiSaver trustee declines significant financial hardship application because applicant’s wife had savings the family could have used to meet their minimum living expenses.

Scott decided to transfer his superannuation to another Kiwisaver scheme. After speaking with the new scheme, Scott completed all his paperwork and submitted his application. A week later Scott was told the new scheme was not accepting new applicants as it was about to close and all existing members were being transferred to another scheme.

Can private school fees be included in minimum living expenses for a KiwiSaver significant financial hardship application?

Delay in winding up a KiwiSaver investment caused a loss

Richard’s business is losing money and he is experiencing difficulty in meeting his financial commitments. Richard complains to FSCL when his KiwiSaver trustee declines his application to withdraw funds early on the basis of significant financial hardship.