Your online guide to KiwiSaver, the Government superannuation scheme
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 In total, $514.8 million was withdrawn from KiwiSaver because of hardship, and …
Continue reading “Should KiwiSaver hardship applications be centralised?”
KiwiSaver providers are hoping this is the year that politicians can work together on a better future for the retirement savings scheme. It is shaping up to be an election issue. National has promised to increase contribution rates to 6% for both employees and employers if it is returned to government. In his State of …
Continue reading “KiwiSaver providers hope for political accord”
KiwiSaver providers are divided on whether it is appropriate for the scheme to be made compulsory. In November, NZ First said it wanted to make KiwiSaver compulsory, and to boost the contribution from employers and employees to 10%, with a tax break to offset it. But some providers said they were not convinced that compulsion …
A new tool will give advisers more information to help them make KiwiSaver decisions with their clients. Quotemonster launched Kiwimonster Research in a beta phase in late December. It includes additional metrics on top of its previous free Kiwimonster comparison tool, including ranking funds on a five-year performance basis within their fund class, information on …
Continue reading “Kiwimonster offers advisers KiwiSaver insights”