Early KiwiSaver withdrawals hit $244 million in June
KiwiSaver members withdrew $244 million in early withdrawals during June, with first home buyers accounting for the bulk of the amount.
New Zealand KiwiSaver account holders took out $244.3 million in early withdrawals during June. First home buyers made up the majority of these early withdrawals, which can also be made on hardship grounds. The data comes from Inland Revenue records.
Covered byRNZinterest.co.nzNot covered byStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDesk
Coverage across the news outlets we track, as at publication.
What outlets are saying
interest.co.nz
Early KiwiSaver withdrawals topped $244 million in June
First home buyers take out the bulk of June's $244m in early KiwiSaver withdrawals
RNZ
KiwiSaver withdrawals: 'A tale of two New Zealands'
Data from Inland Revenue showed there was $244.3 million taken out of the scheme in June for first homes and hardship reasons.