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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

Number of withdrawals from KiwiSaver funds by withdrawal reason each month

This graph has two-line bars. The vertical axis shows the number of members who have withdrawn their KiwiSaver savings for the purposes of first home purchase or financial hardship. The horizontal axis represents data from August 2020 to August 2021.

In August 2021:

  • 5,230 members have withdrawn their savings for first home purchase or financial hardship, down from 6,670 in August 2020.
  • 3,800 members have withdrawn their savings for the purpose of first home purchase, down from 4,620 in August 2020.
  • 1,430 members have withdrawn their savings due to financial hardship, down from 2,050 in August 2020.

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

This graph shows the number of members who made fund withdrawals each financial year for either a first home or financial hardship.

This graph has 2 line bars. The vertical axis shows the number of members who have withdrawn their KiwiSaver savings for the purposes of first home purchase or financial hardship. The horizontal axis represents data from June 2011 to June 2020.

By June 2020, of the members who withdrew their savings:

  • 62,000 did so for either a first home purchase or financial hardship; up from 7,000 in the 2011 financial year
  • 42,000 did so for buying a first home; up from 2,000 in the 2011 financial year
  • 20,000 did so due to financial hardship; up from 5,200 in the 2011 financial year.
Last updated: 01 Jul 2021
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