Debt solution charity Debtfix is working with a growing number of KiwiSaver providers, to help them handle their financial hardship withdrawal workload. Financial hardship withdrawal numbers have increased sharply in recent years. There were 10,000 more withdrawals last year than in 2024, to a total of 58,460. Each withdrawal requires KiwiSaver provider staff to process […]
Category Archives: KiwiSaver Articles
Call for money for kids as part of KiwiSaver 2.0
Redirecting government KiwiSaver contributions to children and young people could be a way to set them up for life, at little additional cost, KiwiSaver providers say. KiwiSaver is shaping up to be an election issue this year. Both National and NZ First have so far revealed plans to increase what people must contribute, amid concerns […]
Low-fee KiwiSaver providers to the fore in Morningstar survey
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years. Morningstar has released its KiwiSaver survey for the December quarter. It shows that over the quarter, default funds returned an average 2 percent, conservative 0.7 percent, balanced 1.6 percent, growth 1.7 percent and aggressive 2.8 percent. […]
Should KiwiSaver hardship applications be centralised?
KiwiSaver withdrawal numbers are up, but it’s not an easy process to go through, one adviser says. Inland Revenue data shows that across 2025, there were 58,460 KiwiSaver withdrawals for hardship reasons. About 48,000 withdrawals were made by people buying a first home. In total, $514.8 million was withdrawn from KiwiSaver because of hardship, and […]