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Number of KiwiSaver fund withdrawals by withdrawal reason each month

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

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 The vertical axis shows the number of members who have withdrawn their KiwiSaver savings for the purposes of first home purchase or financial hardship.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 March 2019 to March 2020. 

Line graph showing KiwiSaver withdrawals by reason

In March 2020:

  • 6,740 members have withdrawn their savings for first home purchase or financial hardship, up from 5,590 in March 2019.
  • 4,780 members have withdrawn their savings for the purpose of first home purchase, up from 3,810 in March 2019.
  • 1,960 members have withdrawn their savings due to financial hardship, up from 1,790 in March 2019.

Number of KiwiSaver fund withdrawals 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 The vertical axis shows the number of members who have withdrawn their KiwiSaver savings for the purposes of first home purchase or financial hardship.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 2010 to June 2019.

Line graph showing number of KiwiSaver fund withdrawals by reason per year 

By June 2019:

  • 57 thousand members had withdrawn their savings for the purposes of first home purchase or financial hardship; up from 3,000 in the 2010 financial year.
  • 40 thousand members had withdrawn their savings having purchased a first home; no one withdrew in the 2010 financial year.
  • 17 thousand members had withdrawn their savings due to financial hardship; up from 2,800 in the 2010 financial year.