Withdrawing your savings

You become eligible to withdraw all your savings as a lump sum when you qualify for NZ Super (currently at the age of 65), as long as you've been a KiwiSaver member for a minimum of 5 years.

How to withdraw your savings

The date you become eligible to withdraw your savings is known as your withdrawal date.

Any withdrawals from your KiwiSaver account are tax-free.

When you're eligible to access your savings, apply to your KiwiSaver provider.

Continuing your contributions after your withdrawal date

If you're ... then you can continue to make contributions...
self-employed

by contacting your scheme provider directly for further details.

an employee either by deductions from your salary or wages or by direct payment to your scheme provider.

If you want to stop your contributions

If you wish to stop making KiwiSaver deductions from your pay, you must complete a Non-deduction notice (KS51) and give it to your employer.

If you want to restart your contributions

Provided you are still a KiwiSaver member you can start contributing again to your KiwiSaver account at any time, even after you've given your employer a non-deduction notice. If you want to restart the contributions from your salary or wages you'll need to complete a KiwiSaver deduction form (KS2) and give this to your employer.

Employer contributions and member tax credit

Once you reach your withdrawal date your employer is no longer required to make compulsory employer contributions to your KiwiSaver scheme, unless this is specified in a contractual employment agreement, or similar arrangement, between you and your employer.

You no longer qualify for member tax credit once you reach your withdrawal date.

Withdrawing to pay tax liability on foreign superannuation transfer

If you transferred your funds into a KiwiSaver scheme you may withdraw the associated tax and student loan obligations from your funds. KiwiSaver providers administer this withdrawal.

Find out more about foreign tax withdrawal