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Number of KiwiSaver closed accounts each month

This graph shows the number of KiwiSaver members who have closed their KiwiSaver accounts due to:

  • retirement
  • permanent emigration
  • death
  • serious illness.

In September 2020:

  • 274.6 thousand members have closed their accounts, up from 243.8 thousand in August 2019
  • 28 thousand members have closed their accounts due to death, up from 25.6 thousand in August 2019
  • 23.4 thousand members have closed their accounts due to permanent emigration, up from 22.2 thousand in August 2019
  • 173.3 thousand members have closed their accounts due to retirement, up from 154.6 thousand in August 2019
  • 12,760 members have closed their accounts due to serious illness, up from 11,140 in August 2019.

Number of KiwiSaver closed accounts each year

This graph shows the number of members at the end of each financial year who have closed their account and withdrawn their savings due to:

  • retirement
  • permanent emigration
  • death
  • serious illness.

This graph has 10 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 2011 to June 2020.

As at June 2020:

  • 265 thousand members have closed their accounts, up from 26 thousand in June 2011.
  • 28 thousand members have closed their accounts due to death, up from 3 thousand in June 2011.
  • 23 thousand members have closed their accounts due to permanent emigration, up from 3 thousand in June 2011.
  • 168 thousand members have closed their accounts due to retirement; no member was in this category in 2011 FY.
  • 12 members have closed their accounts due to serious illness, up from 877 in 2011.