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Service changes and updates IR offices, myIR and phone lines (SPK2IR) are unavailable until the morning of Thursday 28 October for planned system maintenance. Find out more

Resurgence Support Payment (RSP) You will not be able to apply for the RSP in myIR until the morning of Thursday 28 October. Businesses affected by the alert level increase that started on 17 August can apply in myIR from 28 October. Applications for a 4th payment round are planned to open on 29 October. Find out more

Resurgence Support Payment (RSP) The government has announced an increase to the amount and frequency of the RSP from 12 November. Find out more

Amount of withdrawals from KiwiSaver funds by withdrawal reason each month

This graph has shows the $ amount of KiwiSaver funds withdrawn, for the purposes of first home purchase or financial hardship.

In August 2021:

  • $127.7 million has been withdrawn for first home purchase or financial hardship, down from $141.9 million in August 2020.
  • $8.6 million was attributable to financial hardship, down from $14.4 million in August 2020.
  • $119.1 million was attributable to first home purchase, down from $127.6 million in August 2020. 

Amount of withdrawals from KiwiSaver funds by withdrawal reason each financial year

This graph shows the dollar amount of fund withdrawals each financial year for both first home and financial hardship withdrawals.

This graph has 10 clustered vertical bars. The vertical axis shows the dollar amount of KiwiSaver funds withdrawn, for the purposes of first home purchases or financial hardship. The horizontal axis represents data from June 2011 to June 2020.

In June 2020:

  • $1,270 million has been withdrawn for the purposes of first home purchase or financial hardship, up from $36 million in the 2011 financial year
  • $126 million was due to financial hardship, up from $17 million in the 2011 financial year
  • $1,144 million was for first home purchases, up from $19 million in the 2011 financial year.
Last updated: 01 Jul 2021
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