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Budget 2024 | The Government has confirmed changes and provided more information on FamilyBoost. Find out more: FamilyBoost

Budget 2024 | The Government has confirmed changes to personal income tax, the independent earner tax credit, in-work tax credit, and the minimum family tax credit. Find out more: Personal income tax threshold changes

All current KiwiSaver data, including monthly data, is available in an Excel download located on the Datasets for KiwiSaver statistics page. Annual data is due to be uploaded by 30 September.

Datasets for KiwiSaver statistics

Number of KiwiSaver closed accounts

This graph shows the number of KiwiSaver accounts that have been closed by reason.

 bar graph showing number of closed kiwisaver accounts due to death, illness, emigration, retirement or other 

This graph has 11 stacked vertical bars. The vertical axis shows the number of KiwiSaver members who have closed their KiwiSaver accounts. The horizontal axis represents data from June 2013 to June 2023.

The ‘other’ reason for closing primarily covers:

  • invalid enrolment: customer has not met the KiwiSaver eligibility rules
  • incorrect enrolment: customer meets eligibility rules but has been incorrectly enrolled.

As at June 2023:

  • 496,724 members have closed their accounts, up from 113,432 in June 2013
  • 95,919 members have closed their accounts due to death, up from 32,678 in June 2013
  • 74,123 members have closed their accounts due to permanent emigration, up from 39,254 in June 2013
  • 12,702 members have closed their accounts due to serious illness, up from 987 in June 2013
  • 80,488 members have closed their accounts for other reasons, up from 14,815 in June 2013.

Notes:

  • From April 2020 KiwiSaver information is reported from a new system.
  • All figures are as at March 2024.
Last updated: 27 Mar 2024
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