What is Age 65 Withdrawal?
At 65 (or 5 years after joining KiwiSaver, whichever is later), members can withdraw their full KiwiSaver balance.
Detailed Explanation
Reaching the qualifying date unlocks the full balance — member contributions, employer contributions, the Government contribution, and all returns. You can take it as a lump sum, set up regular drawdowns, or leave funds invested. Most lump-sum withdrawals are not taxed because investment income was taxed inside the PIE.
Example
You join KiwiSaver at age 62 and reach 65 with NZ$80,000. You must wait until age 67 (5 years from joining) to withdraw the full balance.
Frequently Asked Questions
Do I have to withdraw at 65?
No — you can keep contributing and stay invested. Many members do.