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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 Excel downloads located on the Datasets for KiwiSaver statistics page. Annual data is due to be uploaded by 30 September.

Datasets for KiwiSaver statistics

Number of withdrawals from KiwiSaver funds by withdrawal reason each month

This graph shows the number of KiwiSaver fund withdrawals, by withdrawal reason, over the past 12 months.

Graph showing number of withdrawals from KiwiSaver for either first home or financial hardship. 

This graph has 2 lines showing withdrawals for the purpose of first home purchase or financial hardship. The vertical axis shows the number of members who have withdrawn their KiwiSaver savings. The horizontal axis represents data from the past 12 months.

Notes:

  • Figures are what has been provided by Scheme Providers to Inland Revenue and may not be 100% of all of these type of fund withdrawals.
  • Figures do not cover all types of withdrawals. For example, Inland Revenue does not capture retirement withdrawals.
  • Totals represent a distinct count of members.
  • Totals may include a small number of members who withdrew funds under both categories.

In April 2024:

  • 7,020 members have withdrawn their savings for first home purchase or financial hardship, up from 4,000 in April 2023
  • 3,320 members have withdrawn their savings for the purpose of first home purchase, up from 2,180 in April 2023
  • 3,700 members have withdrawn their savings due to financial hardship, up from 1,820 in April 2023

Number of KiwiSaver fund withdrawals, by withdrawal reason as at 30 June

This graph shows the number of KiwiSaver fund withdrawals, by withdrawal reason, as at 30 June.

This graph has 2 line bars showing withdrawals for the purpose of first home purchase or financial hardship. The vertical axis shows the number of members who have withdrawn their KiwiSaver savings. The horizontal axis represents data from June 2013 to June 2023.

This graph has 2 line bars showing withdrawals for the purpose of first home purchase or financial hardship. The vertical axis shows the number of members who have withdrawn their KiwiSaver savings. The horizontal axis represents data from June 2013 to June 2023.

Notes:

  • Figures do not cover all types of withdrawals, for example, Inland Revenue does not capture retirement withdrawals.
  • Figures are what have been provided by scheme providers to Inland Revenue and may not be 100% of all fund withdrawals.
  • Totals represent a distinct count of members.
  • Totals include a small number of members who withdrew funds under both categories during the year
  • From April 2020 KiwiSaver information is reported from a new system.

By June 2023:

  • 50,796 members had withdrawn their savings for the purposes of first home purchase or financial hardship, up from 16,728 in the 2013 financial year
  • 30,195 members have withdrawn their savings having purchased a first home: up from 10,720 in the 2013 financial year
  • 20,601 members have withdrawn their savings due to financial hardship, up from 6,008 in the 2013 financial year.
Last updated: 20 May 2024
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