KiwiSaver rules for buying a second home after relationship breakdown
Financial experts weigh up whether people should be allowed to use KiwiSaver savings for a second home purchase following a relationship split.
Questions are being raised about the balance between helping people access home ownership and protecting their retirement savings. The issue centres on whether KiwiSaver funds should be available for second home purchases when circumstances like relationship breakdown occur.
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Can I use my KiwiSaver to buy a second home if my relationship has broken up?
A balance has to be struck between helping people access home ownership and ensuring they have enough savings post-retirement.