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5 Nov 2025 8:13
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      Home > News > Business

    Alarm bells as record numbers of people make KiwiSaver hardship withdrawals

    Alarm bells as record numbers of people make KiwiSaver hardship withdrawals

    3 November 2025
    Inland Revenue data shows September was a record month, with more than five-and-a-half thousand withdrawing a total 48.9 million-dollars.

    Public Trust - which approves such payouts - is seeing triple the volume of applications compared to previous years.

    General Manager David Callanan says records are being broken every month.

    He says it's very concerning, with a person or whanau struggling to make ends meet behind every application.

    © 2025 Newstalk ZB, NZCity


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