What is Hardship Withdrawal?
A hardship withdrawal allows early access to your KiwiSaver savings if you face significant financial hardship.
Detailed Explanation
You may be able to withdraw some or all of your KiwiSaver savings early if you cannot meet minimum living expenses, pay for medical treatment, or make mortgage payments to avoid losing your home.
Example
Illustrative example — If you face serious illness and cannot work, you may be able to withdraw KiwiSaver scheme funds to cover living expenses and medical bills.
Frequently Asked Questions
What counts as hardship?
Unable to meet minimum living expenses, need for medical treatment, or facing mortgage default.
How do I apply?
Contact your KiwiSaver provider with supporting documentation of your hardship situation.
Related Terms
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